Earnings Outlook For Allegro Microsystems

Allegro Microsystems ALGM is set to give its latest quarterly earnings report on Tuesday, 2023-01-31. Here's what investors need to know before the announcement.

Analysts estimate that Allegro Microsystems will report an earnings per share (EPS) of $0.32.

Allegro Microsystems bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.05, which was followed by a 6.42% increase in the share price the next day.

Here's a look at Allegro Microsystems's past performance and the resulting price change:

Stock Performance

Shares of Allegro Microsystems were trading at $35.39 as of January 27. Over the last 52-week period, shares are up 19.38%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Allegro Microsystems visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.