Allegro MicroSystems, Inc. (ALGM) has seen a significant increase in its earnings estimates, reflecting growing optimism among analysts. The company is projected to earn $0.09 per share for the current quarter, marking a year-over-year increase of 200%, while the full year earnings estimate stands at $0.53 per share, up 120.83% from the previous year.
Over the past 30 days, the Zacks Consensus Estimate for Allegro MicroSystems has risen by 11.11%, driven by one upward revision and no negative changes. The company’s favorable Zacks Rank of #2 (Buy) indicates strong stock performance potential, with a reported stock gain of 18.2% over the last four weeks.
