ARM (ARM) Scheduled to Post Earnings on Wednesday

ARM (NASDAQ:ARM) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect ARM to post earnings of 0.30 per share for the quarter. Individual that are interested in participating in the company’s earnings 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 EPS for the quarter, topping analysts’ consensus estimates of 0.25 by 0.04. The company had revenue of 824.00 million for the quarter, compared to analyst estimates of 762.50 million. The business’s revenue for the quarter 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 106.98 on Tuesday. ARM has a 12 month low of 46.50 and a 12 month high of 164.00. The company’s fifty day simple moving average is 121.56 and its 200 day simple moving average is 90.46.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ARM. The Goldman Sachs Group raised their target price on shares of ARM from $95.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. KeyCorp lifted their price objective on shares of ARM from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Evercore ISI initiated coverage on shares of ARM in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $156.00 price objective for the company. Daiwa Capital Markets downgraded shares of ARM from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $63.00 to $130.00 in a research report on Friday, February 16th. Finally, TD Cowen lifted their price objective on shares of ARM from $80.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of 92.08.

About ARM

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.