From NASDAQ: 2024-11-20 11:50:00

Analog Devices is set to report fourth-quarter fiscal 2024 results on Nov. 26, with expected revenues of $2.4 billion and adjusted earnings per share of $1.63. The company anticipates growth in industrial and consumer end markets, but may face challenges from macroeconomic conditions and tensions between the US and China. ADI’s recent collaboration with Flagship Pioneering is a notable move towards digitizing the biological world.

In the fiscal fourth quarter, Analog Devices may have seen growth in industrial and consumer revenues, offset by challenges in communications and automotive markets. A recent deal with Tata Group in India is expected to benefit the Automotive segment. However, the company may face headwinds from inflationary conditions and geopolitical tensions between the US and China.

Analog Devices has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell) for the upcoming quarter. Other stocks to consider for potential earnings beats include NVIDIA, Nutanix, and Hewlett Packard Enterprise, with positive Earnings ESP and Zacks Ranks. These companies are expected to release their earnings results in the coming days.

Zacks’ Research Chief highlights a top stock set to climb highest among the 5 stocks predicted to gain over 100% in the coming months. This innovative financial firm with a growing customer base and cutting-edge solutions shows promise for significant gains. Other stocks worth considering for potential growth include NVIDIA, Nutanix, and Hewlett Packard Enterprise.



Read more at NASDAQ: Analog Devices to Report Q4 Earnings: What’s in Store for the Stock?