For its fourth fiscal quarter (ending October 31), Analog Devices Inc (NASDAQ: ADI) has reported a -45% decline in E.P.S. from $1.83 a year ago to $1.00 in the current quarter. This performance was $-1.02 short of the consensus estimate of $2.02. E.P.S. were $6.60 for the latest four quarters through October 31 versus $5.29 for the same period a year ago — an increase of 25%.
Recent Price Action
Analog Devices Inc (NASDAQ: ADI) stock closed at $181.25 on 11/21/23 after a decline of -1.4%. The stock has performed in line with the market over the last nine months and has risen 6.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ADI is expected to continue to be a Value Builder.
Analog Devices has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Analog Devices has a good Appreciation Score of 76 but a neutral Power Rating of 45, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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