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Benzinga
89 days

Top Wall Street Forecasters Revamp Analog Devices Expectations Ahead Of Q2 Earnings

1. ADI to report Q2 earnings on May 22, expecting $1.70 EPS. 2. Revenue projected at $2.51 billion, up from $2.16 billion last year. 3. Analysts show optimism with several buy ratings and raised price targets. 4. Shares fell 1% to $222.22 amid positive earnings expectations. 5. Analysts' accuracy rates range from 65% to 79%, indicating reliable insights.

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FAQ

Why Bullish?

The expected growth in EPS and revenue suggests strong performance. Historical trends show that positive earnings surprises often drive stock prices up.

How important is it?

The article focuses on ADI's imminent earnings and analyst ratings, crucial for price movement. Investors often react to earnings expectations, solidifying its relevance.

Why Short Term?

Earnings reports typically have immediate effects on stock prices. ADI's upcoming earnings release can significantly influence investor sentiment.

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