ARM (ARM) Scheduled to Post Earnings on Wednesday

ARM (NASDAQ:ARM) is scheduled to be issuing 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. Investors that are interested in participating in the company’s conference call can do so using this link.

ARM (NASDAQ:ARM) last issued its quarterly earnings data on Wednesday, February 7th. The company reported 0.29 earnings per share for the quarter, beating analysts’ consensus estimates of 0.25 by 0.04. The firm had revenue of 824.00 million during the quarter, compared to analyst estimates of 762.50 million. The firm’s 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 Up 5.2 %

Shares of NASDAQ ARM opened at 106.98 on Tuesday. ARM has a twelve month low of 46.50 and a twelve month high of 164.00. The stock has a fifty day simple moving average of 121.56 and a 200-day simple moving average of 90.46.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ARM shares. TD Cowen lifted their price objective on ARM from $80.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Daiwa Capital Markets lowered ARM from a “buy” rating to a “neutral” rating and lifted their target price for the company from $63.00 to $130.00 in a report on Friday, February 16th. Rosenblatt Securities reiterated a “buy” rating and issued a $180.00 target price on shares of ARM in a report on Monday. Barclays lifted their target price on ARM from $65.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, The Goldman Sachs Group lifted their target price on ARM from $95.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus 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.