Published on 28 Mar 2024 on Zacks via Yahoo Finance

Allegro MicroSystems, Inc. (ALGM) Surpasses Market Returns: Some Facts Worth Knowing

The latest trading session saw Allegro MicroSystems, Inc. (ALGM) ending at $26.95, denoting a +0.56% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 0.11%. Elsewhere, the Dow saw an upswing of 0.12%, while the tech-heavy Nasdaq depreciated by 0.12%.

Shares of the company witnessed a loss of 12.96% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 3.59% and the S&P 500's gain of 3.55%.

The upcoming earnings release of Allegro MicroSystems, Inc. will be of great interest to investors. In that report, analysts expect Allegro MicroSystems, Inc. to post earnings of $0.21 per share. This would mark a year-over-year decline of 43.24%. At the same time, our most recent consensus estimate is projecting a revenue of $235 million, reflecting a 2.3% fall from the equivalent quarter last year.