ARM (ARM) Expected to Announce Quarterly Earnings on Wednesday

ARM (NASDAQ:ARM - Get Free Report) is anticipated to announce its earnings results after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.34 per share and revenue of $947.12 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

ARM (NASDAQ:ARM - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.04. The business had revenue of $844.00 million for the quarter, compared to analyst estimates of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The business's revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 earnings per share. On average, analysts expect ARM to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ARM Stock Up 4.1 %

Shares of NASDAQ:ARM opened at $159.55 on Monday. ARM has a 52 week low of $69.32 and a 52 week high of $188.75. The company has a 50-day moving average price of $141.82 and a 200 day moving average price of $139.75. The company has a market cap of $167.18 billion, a P/E ratio of 265.92, a PEG ratio of 6.90 and a beta of 4.53.

Analysts Set New Price Targets

A number of analysts recently weighed in on ARM shares. Evercore ISI lifted their price target on ARM from $173.00 to $176.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Barclays boosted their target price on shares of ARM from $145.00 to $155.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Susquehanna increased their price target on shares of ARM from $118.00 to $140.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. The Goldman Sachs Group boosted their price objective on shares of ARM from $144.00 to $159.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Finally, Needham & Company LLC restated a "hold" rating on shares of ARM in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, ARM currently has a consensus rating of "Moderate Buy" and an average price target of $152.09.

ARM Company Profile

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.

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