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Recap: Allegro Microsystems Q1 Earnings

  Allegro Microsystems (NASDAQ:ALGM) reported its Q1 earnings results on Thursday, July 28, 2022 at 08:00 AM. Here's what investors need to know about the announcement.

Benzinga · 07/28/2022 08:14

 

Allegro Microsystems (NASDAQ:ALGM) reported its Q1 earnings results on Thursday, July 28, 2022 at 08:00 AM.

Here's what investors need to know about the announcement.

Earnings

Allegro Microsystems beat estimated earnings by 9.09%, reporting an EPS of $0.24 versus an estimate of $0.22.

Revenue was up $29.61 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.0 which was followed by a 4.34% drop in the share price the next day.

Here's a look at Allegro Microsystems's past performance:

 

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 0.21 0.18 0.18 0.16
EPS Actual 0.21 0.19 0.20 0.18
Revenue Estimate 195.15M 182.73M 186.84M 177.59M
Revenue Actual 200.29M 186.63M 193.61M 188.14M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Allegro Microsystems management provided guidance for Q2 2022, expecting earnings between $0.25 and $0.27 per share.

To track all earnings releases for Allegro Microsystems VISIT THEIR EARNINGS CALENDAR HERE.

This article was generated by Benzinga's automated content engine and reviewed by an editor.