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.