Benzinga | Nov 22, 2021 10:26AM EST

Analog Devices's Earnings: A Preview

Analog Devices (NASDAQ:ADI) is set to give its latest quarterly earnings report on Tuesday, 2021-11-23. Here's what investors need to know before the announcement.

Analysts estimate that Analog Devices will likely report an Earnings Per Share (EPS) of $1.70.

Analog Devices bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.10, which was followed by a 0.61% increase in the share price the next day.

Here's a look at Analog Devices's past performance and the resulting price change:

Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020EPS Estimate 1.62 1.45 1.32 1.32EPS Actual 1.72 1.54 1.44 1.44Price Change % 0.61% 4.15% -1.04% -0.69%

Stock Performance

Shares of Analog Devices were trading at $188.8 as of November 19. Over the last 52-week period, shares are up 38.98%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.