Yahoo Finance Analog Devices (ADI) Stock Moves -0.26%: What You Should Know
Analog Devices (ADI) closed the most recent trading day at $180.66, moving -0.26% from the previous trading session. This move was narrower than the S&P 500's daily loss of 0.38%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 10.47%.
Coming into today, shares of the semiconductor maker had lost 1.34% in the past month. In that same time, the Computer and Technology sector lost 1.96%, while the S&P 500 gained 2.61%.
Analog Devices will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.74, up 14.17% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.2 billion, up 7.6% from the year-ago period.
ADI's full-year Zacks Consensus Estimates are calling for earnings of $10.60 per share and revenue of $12.65 billion. These results would represent year-over-year changes of +10.76% and +5.31%, respectively.
Any recent changes to analyst estimates for Analog Devices should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Analog Devices is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that Analog Devices has a Forward P/E ratio of 17.09 right now. For comparison, its industry has an average Forward P/E of 17.09, which means Analog Devices is trading at a no noticeable deviation to the group.
Investors should also note that ADI has a PEG ratio of 1.39 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Semiconductor - Analog and Mixed was holding an average PEG ratio of 1.39 at yesterday's closing price.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 63, which puts it in the top 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Analog Devices, Inc. (ADI) : Free Stock Analysis Report
