Revenue Downgrade: Here's What Analysts Forecast For Allegro MicroSystems, Inc. (NASDAQ:ALGM) [Yahoo! Finance]
Allegro MicroSystems, Inc. (ALGM)
Company Research
Source: Yahoo! Finance
This report focused on revenue estimates, and it looks as though the consensus view of the business has become substantially more conservative. Following the latest downgrade, the current consensus, from the six analysts covering Allegro MicroSystems, is for revenues of US$818m in 2025, which would reflect a stressful 22% reduction in Allegro MicroSystems' sales over the past 12 months. Statutory earnings per share are anticipated to nosedive 78% to US$0.17 in the same period. Before this latest update, the analysts had been forecasting revenues of US$937m and earnings per share (EPS) of US$0.37 in 2025. It looks like analyst sentiment has declined substantially, with a substantial drop in revenue estimates and a large cut to earnings per share numbers as well. Check out our latest analysis for Allegro MicroSystems It'll come as no surprise then, to learn that the analysts have cut their price target 6.5% to US$35.86. These estimates are interesting, but it can be useful to pa
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ALGM
News
- Implied Volatility Surging for Allegro MicroSystems (ALGM) Stock Options [Yahoo! Finance]Yahoo! Finance
- Is Allegro MicroSystems, Inc. (NASDAQ:ALGM) Worth US$27.3 Based On Its Intrinsic Value? [Yahoo! Finance]Yahoo! Finance
- Allegro MicroSystems, Inc. (NASDAQ: ALGM) had its price target raised by analysts at TD Cowen from $32.00 to $35.00. They now have a "buy" rating on the stock.MarketBeat
- Q1 Earnings Highs And Lows: Allegro MicroSystems (NASDAQ:ALGM) Vs The Rest Of The Processors and Graphics Chips Stocks [Yahoo! Finance]Yahoo! Finance
- Allegro MicroSystems Full Year 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
ALGM
Earnings
- 5/9/24 - Beat
ALGM
Sec Filings
- 6/26/24 - Form ARS
- 6/26/24 - Form DEFA14A
- 6/26/24 - Form DEF
- ALGM's page on the SEC website