Allegro MicroSystems, Inc. (NASDAQ:ALGM) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates [Yahoo! Finance]
Allegro MicroSystems, Inc. (ALGM)
Company Research
Source: Yahoo! Finance
The early response was not positive, with shares down 8.4% to US$21.10 in the past week. It was a pretty bad result overall; while revenues were in line with expectations at US$187m, statutory losses exploded to US$0.18 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. See our latest analysis for Allegro MicroSystems Following the recent earnings report, the consensus from eight analysts covering Allegro MicroSystems is for revenues of US$746.1m in 2025. This implies an uncomfortable 12% decline in revenue compared to the last 12 months. Losses are predicted to fall substantially, shrinking 93% to US$0.01. Before this earnings announcement, the analysts had been modelling revenues of US$783.6m and
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ALGM
News
- Allegro MicroSystems, Inc. (NASDAQ: ALGM) is now covered by analysts at Wells Fargo & Company. They set an "overweight" rating and a $23.00 price target on the stock.MarketBeat
- Allegro MicroSystems Wins Embedded Computing Design's Electronica 2024: Best-In-Show Award [Yahoo! Finance]Yahoo! Finance
- Allegro MicroSystems Wins Embedded Computing Design’s Electronica 2024: Best-In-Show Award GlobeNewswire
- Cyient, Allegro MicroSystems Partner to Drive Innovation in Magnetic Sensors & Power Semiconductors for Automotive Industry [Yahoo! Finance]Yahoo! Finance
- Cyient, Allegro MicroSystems Partner to Drive Innovation in Magnetic Sensors & Power Semiconductors for Automotive IndustryPR Newswire
ALGM
Earnings
- 10/31/24 - Beat
ALGM
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/12/24 - Form SC
- ALGM's page on the SEC website