Allegro Microsystems Inc reports results for the quarter ended September 30 - Earnings Summary

• Allegro Microsystems Inc reported quarterly adjusted earnings of 26 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 13 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 24 cents per share. Wall Street expected results to range from 24 cents to 26 cents per share.

• Revenue rose 29.2% to $276.88 million from a year ago; analysts expected $270.82 million.

• Allegro Microsystems Inc's reported EPS for the quarter was 12 cents​.

• The company reported quarterly net income of $23.26 million.

• Allegro Microsystems Inc shares had fallen by 2.7% this quarter and gained 34.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for Allegro Microsystems Inc is $53.00, about 33.3% above its last closing price of $35.37

This summary was machine generated from LSEG data October 29 at 07:11 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)