Allegro MicroSystems ( NASDAQ:ALGM – Get Rating ) updated its first quarter 2024 earnings guidance on Friday. The company provided EPS guidance of $0.35-$0.39 for the period, compared to the consensus EPS estimate of $0.33. The company issued revenue guidance of $270.00 million-$280.00 million, compared to the consensus revenue estimate of $256.98 million. Wall Street Analyst Weigh In Several equities analysts have recently weighed in on the stock. Cowen increased their price objective on shares of Allegro MicroSystems to $44.

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