Allegro Microsystems Inc reports results for the quarter ended December 31 - Earnings Summary

• Allegro Microsystems Inc ALGM.OQ reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of ten analysts for the quarter was for earnings of 7 cents per share. Wall Street expected results to range from 6 cents to 9 cents per share.

• Revenue fell 30.2% to $177.87 million from a year ago; analysts expected $176.28 million.

• Allegro Microsystems Inc's reported EPS for the quarter was a loss of 40 cents​.

• The company reported a quarterly loss of $6.86 million.

• Allegro Microsystems Inc shares had risen by 4.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "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 $30.00

This summary was machine generated from LSEG data January 30 at 02:30 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)