From Nasdaq: 2025-06-19 12:20:00

Allegro MicroSystems, Inc. (ALGM) is gaining momentum with a notable increase in earnings estimates. Analysts are optimistic about its future prospects, reflected in its stock price. The Zacks Rank system shows a history of outperformance, with Zacks #1 Ranked stocks averaging a +25% return since 2008.

For the current quarter, Allegro MicroSystems is expected to earn $0.09 per share, a 200% increase year-over-year. Over the past month, the Zacks Consensus Estimate has increased by 11.11%, driven by positive estimate revisions.

The company is projected to earn $0.53 per share for the full year, representing a 120.83% increase from the previous year. Estimate revisions for the current year have been encouraging, with consensus estimates rising by 10.47% in the last month.

Allegro MicroSystems currently holds a Zacks Rank #2 (Buy) due to promising estimate revisions. Stocks with Zacks Rank #1 and 2 significantly outperform the S&P 500. The stock has gained 18.2% in the past four weeks, indicating strong investor interest in its earnings growth potential.

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Read more at Nasdaq: Surging Earnings Estimates Signal Upside for Allegro MicroSystems (ALGM) Stock