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Lam Research (LRCX) Gains As Market Dips: What You Should Know
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Lam Research (LRCX - Free Report) closed at $614.28 in the latest trading session, marking a +0.27% move from the prior day. This change outpaced the S&P 500's 0.47% loss on the day. At the same time, the Dow lost 0.72%, and the tech-heavy Nasdaq lost 5.08%.
Heading into today, shares of the semiconductor equipment maker had gained 4.71% over the past month, lagging the Computer and Technology sector's gain of 8.33% and the S&P 500's gain of 5.36% in that time.
Wall Street will be looking for positivity from Lam Research as it approaches its next earnings report date. In that report, analysts expect Lam Research to post earnings of $5.03 per share. This would mark a year-over-year decline of 43.04%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.12 billion, down 32.73% from the year-ago period.
LRCX's full-year Zacks Consensus Estimates are calling for earnings of $33.19 per share and revenue of $17.34 billion. These results would represent year-over-year changes of +0.21% and +0.65%, respectively.
Investors should also note any recent changes to analyst estimates for Lam Research. These revisions help to show the ever-changing nature of near-term business trends. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Lam Research is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Lam Research has a Forward P/E ratio of 18.46 right now. This represents a discount compared to its industry's average Forward P/E of 20.73.
Meanwhile, LRCX's PEG ratio is currently 7.21. 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. The Semiconductor Equipment - Wafer Fabrication industry currently had an average PEG ratio of 3.52 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 115, which puts it in the top 46% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Lam Research (LRCX) Gains As Market Dips: What You Should Know
Lam Research (LRCX - Free Report) closed at $614.28 in the latest trading session, marking a +0.27% move from the prior day. This change outpaced the S&P 500's 0.47% loss on the day. At the same time, the Dow lost 0.72%, and the tech-heavy Nasdaq lost 5.08%.
Heading into today, shares of the semiconductor equipment maker had gained 4.71% over the past month, lagging the Computer and Technology sector's gain of 8.33% and the S&P 500's gain of 5.36% in that time.
Wall Street will be looking for positivity from Lam Research as it approaches its next earnings report date. In that report, analysts expect Lam Research to post earnings of $5.03 per share. This would mark a year-over-year decline of 43.04%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.12 billion, down 32.73% from the year-ago period.
LRCX's full-year Zacks Consensus Estimates are calling for earnings of $33.19 per share and revenue of $17.34 billion. These results would represent year-over-year changes of +0.21% and +0.65%, respectively.
Investors should also note any recent changes to analyst estimates for Lam Research. These revisions help to show the ever-changing nature of near-term business trends. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Lam Research is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Lam Research has a Forward P/E ratio of 18.46 right now. This represents a discount compared to its industry's average Forward P/E of 20.73.
Meanwhile, LRCX's PEG ratio is currently 7.21. 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. The Semiconductor Equipment - Wafer Fabrication industry currently had an average PEG ratio of 3.52 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 115, which puts it in the top 46% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.