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.
Lam Research (LRCX) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
Read MoreHide Full Article
The upcoming report from Lam Research (LRCX - Free Report) is expected to reveal quarterly earnings of $1.20 per share, indicating an increase of 48.2% compared to the year-ago period. Analysts forecast revenues of $4.99 billion, representing an increase of 28.9% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Lam Research metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Revenue- Customer support-related revenue and other' to come in at $1.76 billion. The estimate suggests a change of +3.4% year over year.
Based on the collective assessment of analysts, 'Revenue- Systems' should arrive at $3.22 billion. The estimate suggests a change of +48.5% year over year.
The consensus estimate for 'Leading- and non-leading-edge equipment and upgrade Revenue - Memory' stands at 43.0%. Compared to the present estimate, the company reported 36.0% in the same quarter last year.
The collective assessment of analysts points to an estimated 'Leading- and non-leading-edge equipment and upgrade Revenue - Logic/integrated device manufacturing' of 9.0%. The estimate is in contrast to the year-ago figure of 21.0%.
The average prediction of analysts places 'Leading- and non-leading-edge equipment and upgrade Revenue - Foundry' at 48.1%. Compared to the present estimate, the company reported 43.0% in the same quarter last year.
Over the past month, Lam Research shares have recorded returns of +1% versus the Zacks S&P 500 composite's +4.6% change. Based on its Zacks Rank #2 (Buy), LRCX will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Lam Research (LRCX) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
The upcoming report from Lam Research (LRCX - Free Report) is expected to reveal quarterly earnings of $1.20 per share, indicating an increase of 48.2% compared to the year-ago period. Analysts forecast revenues of $4.99 billion, representing an increase of 28.9% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Lam Research metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Revenue- Customer support-related revenue and other' to come in at $1.76 billion. The estimate suggests a change of +3.4% year over year.
Based on the collective assessment of analysts, 'Revenue- Systems' should arrive at $3.22 billion. The estimate suggests a change of +48.5% year over year.
The consensus estimate for 'Leading- and non-leading-edge equipment and upgrade Revenue - Memory' stands at 43.0%. Compared to the present estimate, the company reported 36.0% in the same quarter last year.
The collective assessment of analysts points to an estimated 'Leading- and non-leading-edge equipment and upgrade Revenue - Logic/integrated device manufacturing' of 9.0%. The estimate is in contrast to the year-ago figure of 21.0%.
The average prediction of analysts places 'Leading- and non-leading-edge equipment and upgrade Revenue - Foundry' at 48.1%. Compared to the present estimate, the company reported 43.0% in the same quarter last year.
View all Key Company Metrics for Lam Research here>>>Over the past month, Lam Research shares have recorded returns of +1% versus the Zacks S&P 500 composite's +4.6% change. Based on its Zacks Rank #2 (Buy), LRCX will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .