ARM (ARM) to Release Quarterly Earnings on Wednesday

ARM (NASDAQ:ARM) is set to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of 0.30 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, February 7th. The company reported 0.29 EPS for the quarter, topping analysts’ consensus estimates of 0.25 by 0.04. The company had revenue of 824.00 million during the quarter, compared to the consensus estimate of 762.50 million. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. On average, analysts expect ARM to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ARM Stock Performance

Shares of NASDAQ ARM opened at 101.21 on Wednesday. ARM has a 52 week low of 46.50 and a 52 week high of 164.00. The stock’s fifty day moving average is 124.15 and its 200 day moving average is 89.08.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ARM. BNP Paribas cut ARM from an “outperform” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research report on Friday, April 19th. New Street Research reiterated a “neutral” rating and issued a $110.00 target price on shares of ARM in a research report on Tuesday, February 27th. KeyCorp lifted their target price on ARM from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Rosenblatt Securities lifted their target price on ARM from $140.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Finally, Barclays lifted their price target on ARM from $65.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, ARM has a consensus rating of “Hold” and an average target price of 92.08.

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.