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Lam Research (LRCX) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Lam Research (LRCX - Free Report) closed at $142.74, marking a -0.84% move from the previous day. This change lagged the S&P 500's 0.76% loss on the day. Meanwhile, the Dow lost 0.82%, and the Nasdaq, a tech-heavy index, lost 0.9%.
Heading into today, shares of the semiconductor equipment maker had lost 0.91% over the past month, outpacing the Computer and Technology sector's loss of 4.92% and the S&P 500's loss of 1.41% in that time.
Investors will be hoping for strength from LRCX as it approaches its next earnings release, which is expected to be January 23, 2019. On that day, LRCX is projected to report earnings of $3.67 per share, which would represent a year-over-year decline of 15.44%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.50 billion, down 3.09% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $14.37 per share and revenue of $9.95 billion. These totals would mark changes of -19.59% and -10.19%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for LRCX. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 6.82% lower. LRCX currently has a Zacks Rank of #3 (Hold).
Investors should also note LRCX's current valuation metrics, including its Forward P/E ratio of 10.02. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 10.02.
It is also worth noting that LRCX currently has a PEG ratio of 0.83. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. LRCX's industry had an average PEG ratio of 0.93 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 222, putting it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Lam Research (LRCX) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Lam Research (LRCX - Free Report) closed at $142.74, marking a -0.84% move from the previous day. This change lagged the S&P 500's 0.76% loss on the day. Meanwhile, the Dow lost 0.82%, and the Nasdaq, a tech-heavy index, lost 0.9%.
Heading into today, shares of the semiconductor equipment maker had lost 0.91% over the past month, outpacing the Computer and Technology sector's loss of 4.92% and the S&P 500's loss of 1.41% in that time.
Investors will be hoping for strength from LRCX as it approaches its next earnings release, which is expected to be January 23, 2019. On that day, LRCX is projected to report earnings of $3.67 per share, which would represent a year-over-year decline of 15.44%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.50 billion, down 3.09% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $14.37 per share and revenue of $9.95 billion. These totals would mark changes of -19.59% and -10.19%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for LRCX. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 6.82% lower. LRCX currently has a Zacks Rank of #3 (Hold).
Investors should also note LRCX's current valuation metrics, including its Forward P/E ratio of 10.02. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 10.02.
It is also worth noting that LRCX currently has a PEG ratio of 0.83. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. LRCX's industry had an average PEG ratio of 0.93 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 222, putting it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.