We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Astera Labs, Inc. (ALAB) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, Astera Labs, Inc. (ALAB - Free Report) closed at $90.80, marking a +2.52% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.83%. Elsewhere, the Dow gained 0.77%, while the tech-heavy Nasdaq added 1.02%.
Shares of the company have depreciated by 6.98% over the course of the past month, underperforming the Computer and Technology sector's gain of 8.25%, and the S&P 500's gain of 4.99%.
The investment community will be paying close attention to the earnings performance of Astera Labs, Inc. in its upcoming release. In that report, analysts expect Astera Labs, Inc. to post earnings of $0.33 per share. This would mark year-over-year growth of 153.85%. Meanwhile, our latest consensus estimate is calling for revenue of $172.71 million, up 124.74% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.35 per share and revenue of $702.43 million, which would represent changes of +60.71% and +77.25%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Astera Labs, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Astera Labs, Inc. currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, Astera Labs, Inc. is holding a Forward P/E ratio of 65.45. This signifies a premium in comparison to the average Forward P/E of 28.74 for its industry.
Meanwhile, ALAB's PEG ratio is currently 1.51. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Software was holding an average PEG ratio of 2.22 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 46, which puts it in the top 19% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Astera Labs, Inc. (ALAB) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Astera Labs, Inc. (ALAB - Free Report) closed at $90.80, marking a +2.52% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.83%. Elsewhere, the Dow gained 0.77%, while the tech-heavy Nasdaq added 1.02%.
Shares of the company have depreciated by 6.98% over the course of the past month, underperforming the Computer and Technology sector's gain of 8.25%, and the S&P 500's gain of 4.99%.
The investment community will be paying close attention to the earnings performance of Astera Labs, Inc. in its upcoming release. In that report, analysts expect Astera Labs, Inc. to post earnings of $0.33 per share. This would mark year-over-year growth of 153.85%. Meanwhile, our latest consensus estimate is calling for revenue of $172.71 million, up 124.74% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.35 per share and revenue of $702.43 million, which would represent changes of +60.71% and +77.25%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Astera Labs, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Astera Labs, Inc. currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, Astera Labs, Inc. is holding a Forward P/E ratio of 65.45. This signifies a premium in comparison to the average Forward P/E of 28.74 for its industry.
Meanwhile, ALAB's PEG ratio is currently 1.51. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Software was holding an average PEG ratio of 2.22 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 46, which puts it in the top 19% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.