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Lam Research (LRCX) Stock Moves -0.2%: What You Should Know
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Lam Research (LRCX - Free Report) closed at $143.45 in the latest trading session, marking a -0.2% move from the prior day. This change was narrower than the S&P 500's daily loss of 1.82%. Elsewhere, the Dow lost 2.21%, while the tech-heavy Nasdaq lost 1.7%.
Prior to today's trading, shares of the semiconductor equipment maker had lost 0.37% over the past month. This has was narrower than the Computer and Technology sector's loss of 5.96% and the S&P 500's loss of 2.57% 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.
Investors should also note any recent changes to analyst estimates for LRCX. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. LRCX is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, LRCX is holding a Forward P/E ratio of 10. This represents a no noticeable deviation compared to its industry's average Forward P/E of 10.
Also, we should mention that LRCX has a PEG ratio of 0.83. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Semiconductor Equipment - Wafer Fabrication was holding an average PEG ratio of 1.08 at yesterday's closing price.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 235, which puts it in the bottom 9% 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 LRCX in the coming trading sessions, be sure to utilize Zacks.com.
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Lam Research (LRCX) Stock Moves -0.2%: What You Should Know
Lam Research (LRCX - Free Report) closed at $143.45 in the latest trading session, marking a -0.2% move from the prior day. This change was narrower than the S&P 500's daily loss of 1.82%. Elsewhere, the Dow lost 2.21%, while the tech-heavy Nasdaq lost 1.7%.
Prior to today's trading, shares of the semiconductor equipment maker had lost 0.37% over the past month. This has was narrower than the Computer and Technology sector's loss of 5.96% and the S&P 500's loss of 2.57% 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.
Investors should also note any recent changes to analyst estimates for LRCX. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. LRCX is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, LRCX is holding a Forward P/E ratio of 10. This represents a no noticeable deviation compared to its industry's average Forward P/E of 10.
Also, we should mention that LRCX has a PEG ratio of 0.83. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Semiconductor Equipment - Wafer Fabrication was holding an average PEG ratio of 1.08 at yesterday's closing price.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 235, which puts it in the bottom 9% 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 LRCX in the coming trading sessions, be sure to utilize Zacks.com.