Analog Devices, Inc. (ADI) is expected to report quarterly earnings of $1.31 a share on sales of $1.5 billion before the market opens on Wednesday, based on a FactSet survey of 22 analysts.
In the same period a year ago the company posted earnings of $1.45 a share on sales of $1.5 billion. The stock has fallen 5.6% since the company last reported earnings on Feb. 20. Quarterly estimates have risen less than 1 cent a share in the past month.
Analog Devices is currently trading at a price-to-forward-earnings ratio of 16.9 based on the 12-month estimates of 23 analysts surveyed by FactSet.
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