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Applied Materials (AMAT) Earnings Preview: What to Expect Thursday
['Trader Edge']
MoneyCheck
Applied Materials, Inc., AMATThe Street is looking for earnings per share of $3.39, representing approximately 37% growth versus the prior year.
Citi’s Atif Malik anticipates Applied Materials will issue October quarter guidance surpassing Street expectations, with Citi’s internal revenue and earnings forecasts running 3% and 2% ahead of consensus, respectively.
Applied Materials has delivered EPS beats in every quarter over the past two years and has exceeded revenue expectations 88% of the time during that span.
Applied Materials serves major semiconductor producers including TSMC (TSM), Samsung (SSNLF), Intel (INTC), Micron (MU), and SK Hynix (SKHY).
Seeking Alpha’s quantitative ratings system and its analyst community assign the stock a Hold rating, diverging from the bullish Wall Street consensus view.