Analog Devices (ADI Quick QuoteADI - Free Report) reported $2.31 billion in revenue for the quarter ended July 2024, representing a year-over-year decline of 24.8%. EPS of $1.58 for the same period compares to $2.49 a year ago.

The reported revenue represents a surprise of +1.69% over the Zacks Consensus Estimate of $2.27 billion. With the consensus EPS estimate being $1.50, the EPS surprise was +5.33%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Analog Devices performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Revenue- Consumer

  : $316.60 million versus $268.67 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a -0.8% change.

• Revenue- Communications

  : $266.60 million compared to the $246.68 million average estimate based on nine analysts. The reported number represents a change of -29.9% year over year.

• Revenue- Automotive

  : $670.30 million compared to the $682.19 million average estimate based on nine analysts. The reported number represents a change of -10.3% year over year.

• Revenue- Industrial

  : $1.06 billion compared to the $1.07 billion average estimate based on nine analysts. The reported number represents a change of -35% year over year.

View all Key Company Metrics for Analog Devices here>>>

Shares of Analog Devices have returned -3% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.