Analog Devices (ADI) stock closed slightly lower, but outlook remains positive.

From Nasdaq: 2024-12-26 18:15:19

Analog Devices (ADI) closed at $218.06, a -0.01% change from the previous day, outperforming the S&P 500 but lagging behind the Nasdaq. The stock has risen by 0.42% in the past month, falling short of sector and index gains. Analysts project a 10.98% decrease in EPS and a 6.18% drop in revenue for the upcoming release.

Looking ahead, estimates suggest an annual earnings increase of +11.44% and a revenue rise of +7.88% for Analog Devices. Positive revisions in analyst estimates can indicate optimism about the company’s future. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), currently rates ADI at #3 (Hold), with a 4.86% drop in consensus EPS projection in the past 30 days.

Analog Devices is trading at a Forward P/E ratio of 30.68, lower than the industry average of 36.81. The company’s PEG ratio of 2.49, compared to the industry’s 2.58, reflects expected earnings growth. The Semiconductor – Analog and Mixed industry, part of the Computer and Technology sector, ranks 141 out of 250+ industries, indicating room for improvement. Be sure to monitor these stock-moving metrics on Zacks.com.

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Read more at Nasdaq: Analog Devices (ADI) Stock Moves -0.01%: What You Should Know