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Earnings Season Watch List: Analog Devices

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IBD 50 member Analog Devices ( ADI ) is in a potential buying zone with earnings on tap for Nov. 21.

It's trading approximately 2% above a 90.03 buy point from a first-stage saucer with handle .

[ibd-display-video id=2102289 width=50 float=left autostart=true] Understand that buying just before a stock reports is risky, since an EPS or sales miss could send it sharply lower. You can reduce your risk by waiting to see how the company reports and how the market reacts. You can also use an options strategy to limit your potential downside.

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Earnings-per-share growth declined last quarter from 61% to 54%, but the top line rose from 47% to 65%.

Consensus analyst estimates call for earnings-per-share growth of 29% for the quarter, and 50% growth for the full year. Annual EPS estimates were recently revised higher.

Analog Devices has a 99 Composite Rating and holds the No. 1 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. ON Semiconductor ( ON ) and Skyworks Solutions ( SWKS ) are also among the group's highest-rated stocks.

Note: Dates for earnings reports are subject to change. Check the company's website for any updates.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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