Applied Materials Analysts Update Earnings Forecasts Pre-Call
Insights on Applied Materials Earnings Call
Applied Materials, Inc. AMAT is gearing up to unveil its financial results shortly. Investors and market enthusiasts are closely watching as the company prepares to release its fourth-quarter earnings.
Anticipated Earnings and Revenue Figures
Experts project that the tech giant will report quarterly earnings of approximately $2.36 per share. Just a year prior, earnings sat at $2.12 per share. This indicates a promising upward trend that many analysts find encouraging.
Revenue Expectations
In terms of revenue, Applied Materials is expected to announce figures reaching around $7.21 billion. Comparatively, last year's quarterly revenue was reported at $6.78 billion, underscoring a significant growth trajectory.
Recent Company Developments
A recent announcement detailing a partnership with Texas Instruments to supply chipmaking equipment underlines Applied Materials’ strategic focus on strengthening its market position. Such collaborations often open new avenues for revenue generation.
Stock Performance Analysis
On the trading front, shares of Applied Materials saw a slight uptick, closing at $190.03. A 0.8% increase reflects traders' confidence in the company's upcoming earnings announcement.
Analyst Ratings and Forecasts
Several analysts within the industry have recently updated their ratings and forecasts for Applied Materials, providing a clearer picture for potential investors.
Recent Analyst Insights
- UBS analyst Timothy Arcuri has maintained a Neutral rating, adjusting the price target to $185 from $175, marking a thoughtful response to market dynamics.
- Barclays’ Tom O'Mailey has adjusted his rating to Equal-Weight, increasing the price target to $170 from $160, which is indicative of cautious optimism.
- Mizuho analyst Vijay Rakesh continues to hold an Outperform rating while raising the price target significantly from $195 to $220, signaling strong potential ahead.
- Wells Fargo's Joseph Quatrochi has also boosted his price target to $215 from $200 while maintaining an Overweight rating for the stock.
- Finally, Citigroup’s Atif Malik has raised his price target from $190 to $220, endorsing a Buy rating, backed by an impressive accuracy in predictions.
Investing In AMAT
Are you considering acquiring AMAT stock? Analysts' updated insights offer a valuable roadmap, illustrating a solid outlook as the company braces for its earnings call.
Frequently Asked Questions
What earnings per share is Applied Materials expected to report?
Analysts expect Applied Materials to report earnings of $2.36 per share for the fourth quarter.
How much revenue is Applied Materials projected to earn?
The company is expected to generate approximately $7.21 billion in revenue for the quarter.
Which analysts have recently changed their ratings on AMAT?
Analysts from UBS, Barclays, Mizuho, Wells Fargo, and Citigroup have all adjusted their ratings and price targets for AMAT.
What is the current stock price of Applied Materials?
As of the latest trading session, Applied Materials shares closed at $190.03.
What are the future expectations for Applied Materials?
Expectations remain high, with several analysts projecting significant growth in both earnings and stock performance in the near future.
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