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Compared to Estimates, Applied Materials (AMAT) Q3 Earnings: A Look at Key Metrics
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For the quarter ended July 2024, Applied Materials (AMAT - Free Report) reported revenue of $6.78 billion, up 5.5% over the same period last year. EPS came in at $2.12, compared to $1.90 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $6.67 billion, representing a surprise of +1.63%. The company delivered an EPS surprise of +5.47%, with the consensus EPS estimate being $2.01.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Applied Materials performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Corporate and Other
: $23 million versus $44.13 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -54% change.
Net Sales- Semiconductor Systems
: $4.92 billion compared to the $4.81 billion average estimate based on four analysts. The reported number represents a change of +5.3% year over year.
Net Sales- Display and Adjacent Markets
: $251 million compared to the $245.07 million average estimate based on four analysts. The reported number represents a change of +6.8% year over year.
Net Sales- Applied Global Services
: $1.58 billion versus $1.57 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +7.9% change.
Shares of Applied Materials have returned -8.4% over the past month versus the Zacks S&P 500 composite's -2.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, Applied Materials (AMAT) Q3 Earnings: A Look at Key Metrics
For the quarter ended July 2024, Applied Materials (AMAT - Free Report) reported revenue of $6.78 billion, up 5.5% over the same period last year. EPS came in at $2.12, compared to $1.90 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $6.67 billion, representing a surprise of +1.63%. The company delivered an EPS surprise of +5.47%, with the consensus EPS estimate being $2.01.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Applied Materials performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Applied Materials here>>>Net Sales- Corporate and Other
: $23 million versus $44.13 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -54% change.Net Sales- Semiconductor Systems
: $4.92 billion compared to the $4.81 billion average estimate based on four analysts. The reported number represents a change of +5.3% year over year.Net Sales- Display and Adjacent Markets
: $251 million compared to the $245.07 million average estimate based on four analysts. The reported number represents a change of +6.8% year over year.Net Sales- Applied Global Services
: $1.58 billion versus $1.57 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +7.9% change.Shares of Applied Materials have returned -8.4% over the past month versus the Zacks S&P 500 composite's -2.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.