Allegro Microsystems Inc expected to post earnings of 5 cents a share - Earnings Preview

• Allegro Microsystems Inc ALGM is expected to show a fall in quarterly revenue when it reports results on May 8 for the period ending March 31 2025

• The Manchester New Hampshire-based company is expected to report a 23.0% decrease in revenue to $185.275 million from $240.58 million a year ago, according to the mean estimate from 10 analysts, based on LSEG data.The company's guidance on March 4 2025, for the period ended March 31, was for revenue between $180.00 million and $190.00 million.

• ​LSEG's mean analyst estimate for Allegro Microsystems Inc is for earnings of 5 cents per share. The company's EPS guidance on January 30 2025, for the period ended March 31, was between $0.03 and $0.07

• 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 mean earnings estimate of analysts was unchanged in the last three months. ​

• Wall Street's median 12-month price target for Allegro Microsystems Inc is $30.00​, above​ its last closing price of $19.15. ​​​

The company's guidance on January 30 2025 for the period ended March 31 was for gross profit margin between USD46% and USD48%.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

This summary was machine generated May 6 at 13:50 GMT. 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)