ARM (ARM) Scheduled to Post Earnings on Wednesday

ARM (NASDAQ:ARM) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect ARM to post earnings of 0.30 per share for the quarter. Investors that wish to register for the company’s earnings conference call can do so using this link.

ARM (NASDAQ:ARM) last announced its quarterly earnings results 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 company’s revenue for the quarter was up 13.8% on a year-over-year basis. On average, analysts expect ARM to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ARM Price Performance

NASDAQ ARM opened at 101.70 on Monday. ARM has a 52-week low of 46.50 and a 52-week high of 164.00. The business has a 50 day simple moving average of 122.35 and a 200 day simple moving average of 90.06.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. KeyCorp lifted their price objective on shares of ARM from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, April 8th. New Street Research reiterated a “neutral” rating and set a $110.00 target price on shares of ARM in a report on Tuesday, February 27th. JPMorgan Chase & Co. raised their price target on ARM from $70.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Evercore ISI started coverage on ARM in a research note on Tuesday, April 16th. They set an “outperform” rating and a $156.00 price objective on the stock. Finally, Mizuho lifted their price objective on shares of ARM from $100.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.