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Stay Ahead of the Game With Analog Devices (ADI) Q2 Earnings: Wall Street's Insights on Key Metrics

In its upcoming report, Analog Devices (ADI) is predicted by Wall Street analysts to post quarterly earnings of $1.26 per share, reflecting a decline of 55.5% compared to the same period last year. Revenues are forecasted to be $2.1 billion, representing a year-over-year decrease of 35.5%.

Over the last 30 days, there has been a downward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.

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That said, let's delve into the average estimates of some Analog Devices metrics that Wall Street analysts commonly model and monitor.

Analysts' assessment points toward 'Revenue- Consumer' reaching $232.26 million. The estimate indicates a change of -17.1% from the prior-year quarter.

The collective assessment of analysts points to an estimated 'Revenue- Communications' of $253.59 million. The estimate indicates a year-over-year change of -44.1%.

The consensus estimate for 'Revenue- Automotive' stands at $652.79 million. The estimate suggests a change of -16.8% year over year.

It is projected by analysts that the 'Revenue- Industrial' will reach $965.70 million. The estimate suggests a change of -44.7% year over year.

View all Key Company Metrics for Analog Devices here>>>

Over the past month, Analog Devices shares have recorded returns of +14.2% versus the Zacks S&P 500 composite's +5% change. Based on its Zacks Rank #4 (Sell), ADI will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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Analog Devices, Inc. (ADI) : Free Stock Analysis Report

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