Top Wall Street Forecasters Revamp Arm Holdings Price Expectations Ahead Of Q3 Earnings
Benzinga • 351 days
High Materiality9/10
Information
Arm Holdings plc ARM will release its third-quarter financial results, after the closing bell, on We...
Original sourceAI Summary
Arm expects Q3 earnings to rise to 34 cents per share from 29 cents. Projected revenue for Q3 is $948 million, up from $824 million year-over-year. Shares gained 4.2% closing at $162.20 on positive analyst sentiment. Barclays and UBS raised price targets, indicating strong future performance expected. New CEO for Arm's Chinese venture could influence operational strategies.
Sentiment Rationale
Positive earnings expectations and heightened analyst ratings often drive stock prices higher. Past quarterly earnings surprises led to significant price increases.
Trading Thesis
Quarterly results are forthcoming, influencing immediate investor sentiments and actions. Short-term trends often reflect earnings announcements.
Market-Moving
- Arm expects Q3 earnings to rise to 34 cents per share from 29 cents.
- Projected revenue for Q3 is $948 million, up from $824 million year-over-year.
- Shares gained 4.2% closing at $162.20 on positive analyst sentiment.
Key Facts
- Arm expects Q3 earnings to rise to 34 cents per share from 29 cents.
- Projected revenue for Q3 is $948 million, up from $824 million year-over-year.
- Shares gained 4.2% closing at $162.20 on positive analyst sentiment.
- Barclays and UBS raised price targets, indicating strong future performance expected.
- New CEO for Arm's Chinese venture could influence operational strategies.
Companies Mentioned
- ARM (ARM)
- UBS (UBS)
- Barclays (Barclays)
- Goldman Sachs (Goldman Sachs)
- JP Morgan (JP Morgan)
Earnings
Positive earnings potential and analyst upgrades suggest a strong impact on ARM’s stock. Recent patterns show earnings influence share movements significantly.