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

• Allegro Microsystems Inc ALGM reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of twelve analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results to range from 8 cents to 10 cents per share.

• Revenue rose 21.9% to $203.41 million from a year ago; analysts expected $197.76 million.

• Allegro Microsystems Inc's reported EPS for the quarter was a loss of 7 cents​.

• The company reported a quarterly loss of $13.23 million.

• Allegro Microsystems Inc shares had fallen by 0.9% this quarter and gained 54.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 25.3% 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 11 "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 $37.50, about 9.7% above its last closing price of $33.87

This summary was machine generated from LSEG data July 31 at 01:32 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)