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On Wednesday, August 19, Analog Devices (NASDAQ:ADI) will release its latest earnings report. Benzinga's outlook for Analog Devices is included in the following report.
Earnings and Revenue
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Wall Street expects EPS of $1.26 and sales around $1.42 billion. Analog Devices EPS in the same period a year ago totaled $1.26. Revenue was $1.48 billion. The analyst consensus estimate would represent no change in the company's earnings on a year over year basis. Sales would be down 4.05% from the year-ago period. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
| Quarter | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 |
|---|---|---|---|---|
| EPS Estimate | 1.04 | 1 | 1.22 | 1.22 |
| EPS Actual | 1.08 | 1.03 | 1.19 | 1.26 |
| Revenue Estimate | 1.33 B | 1.30 B | 1.45 B | 1.45 B |
| Revenue Actual | 1.32 B | 1.30 B | 1.44 B | 1.48 B |
Stock Performance
Over the last 52-week period, shares are up 9.03%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Analog Devices is scheduled to hold the call at 10:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/ifqpvk57
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.