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Analog Devices (NASDAQ:ADI) releases its next round of earnings this Wednesday. Get the latest predictions in Benzinga's essential guide to the company's Q3 earnings report.
Earnings and Revenue
Sell-side analysts expect Analog Devices's EPS to be near $1.46 on sales of $1.51 billion.
In the same quarter last year, Analog Devices posted a profit of $1.26 on sales of $1.46 billion. The Wall Street estimate would represent a 15.87 percent increase in the company's earnings. Revenue would be up 3.57 percent from the same quarter last year. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
| Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
| EPS Estimate | 1.38 | 1.29 | 1.36 | 1.15 |
| EPS Actual | 1.45 | 1.42 | 1.45 | 1.26 |
Stock Performance
Over the last 52-week period, shares are up 20.58 percent. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release. Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The popular rating by analysts on Analog Devices stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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