We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Applied Materials (AMAT) Stock Moves -0.89%: What You Should Know
Read MoreHide Full Article
Applied Materials (AMAT - Free Report) ended the recent trading session at $141.45, demonstrating a -0.89% swing from the preceding day's closing price. This move was narrower than the S&P 500's daily loss of 1.34%. Elsewhere, the Dow lost 0.98%, while the tech-heavy Nasdaq lost 1.62%.
The maker of chipmaking equipment's shares have seen an increase of 3.64% over the last month, surpassing the Computer and Technology sector's loss of 0.34% and the S&P 500's loss of 1.57%.
Market participants will be closely following the financial results of Applied Materials in its upcoming release. The company's earnings per share (EPS) are projected to be $1.98, reflecting a 2.46% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $6.52 billion, indicating a 3.33% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.90 per share and revenue of $26.32 billion, indicating changes of +2.6% and +2.07%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Applied Materials. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Applied Materials presently features a Zacks Rank of #2 (Buy).
Digging into valuation, Applied Materials currently has a Forward P/E ratio of 18.07. This signifies a discount in comparison to the average Forward P/E of 22.42 for its industry.
Meanwhile, AMAT's PEG ratio is currently 3.24. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Semiconductor Equipment - Wafer Fabrication industry was having an average PEG ratio of 3.24.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 224, finds itself in the bottom 12% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AMAT in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Applied Materials (AMAT) Stock Moves -0.89%: What You Should Know
Applied Materials (AMAT - Free Report) ended the recent trading session at $141.45, demonstrating a -0.89% swing from the preceding day's closing price. This move was narrower than the S&P 500's daily loss of 1.34%. Elsewhere, the Dow lost 0.98%, while the tech-heavy Nasdaq lost 1.62%.
The maker of chipmaking equipment's shares have seen an increase of 3.64% over the last month, surpassing the Computer and Technology sector's loss of 0.34% and the S&P 500's loss of 1.57%.
Market participants will be closely following the financial results of Applied Materials in its upcoming release. The company's earnings per share (EPS) are projected to be $1.98, reflecting a 2.46% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $6.52 billion, indicating a 3.33% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.90 per share and revenue of $26.32 billion, indicating changes of +2.6% and +2.07%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Applied Materials. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Applied Materials presently features a Zacks Rank of #2 (Buy).
Digging into valuation, Applied Materials currently has a Forward P/E ratio of 18.07. This signifies a discount in comparison to the average Forward P/E of 22.42 for its industry.
Meanwhile, AMAT's PEG ratio is currently 3.24. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Semiconductor Equipment - Wafer Fabrication industry was having an average PEG ratio of 3.24.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 224, finds itself in the bottom 12% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AMAT in the coming trading sessions, be sure to utilize Zacks.com.