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Astera Labs, Inc. (ALAB) Stock Declines While Market Improves: Some Information for Investors
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Astera Labs, Inc. (ALAB - Free Report) closed the most recent trading day at $197.78, moving -1.43% from the previous trading session. This change lagged the S&P 500's 0.59% gain on the day. Elsewhere, the Dow saw an upswing of 0.65%, while the tech-heavy Nasdaq appreciated by 0.44%.
Coming into today, shares of the company had gained 6.07% in the past month. In that same time, the Computer and Technology sector gained 7.68%, while the S&P 500 gained 2.72%.
The upcoming earnings release of Astera Labs, Inc. will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.39, reflecting a 69.57% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $206.73 million, indicating a 82.8% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.58 per share and revenue of $766.55 million. These totals would mark changes of +88.1% and +93.43%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Astera Labs, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Astera Labs, Inc. is carrying a Zacks Rank of #1 (Strong Buy).
With respect to valuation, Astera Labs, Inc. is currently being traded at a Forward P/E ratio of 126.64. Its industry sports an average Forward P/E of 30.06, so one might conclude that Astera Labs, Inc. is trading at a premium comparatively.
One should further note that ALAB currently holds a PEG ratio of 2.65. 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 Internet - Software industry had an average PEG ratio of 2.26 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 65, this industry ranks in the top 27% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our 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.
To follow ALAB in the coming trading sessions, be sure to utilize Zacks.com.
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Astera Labs, Inc. (ALAB) Stock Declines While Market Improves: Some Information for Investors
Astera Labs, Inc. (ALAB - Free Report) closed the most recent trading day at $197.78, moving -1.43% from the previous trading session. This change lagged the S&P 500's 0.59% gain on the day. Elsewhere, the Dow saw an upswing of 0.65%, while the tech-heavy Nasdaq appreciated by 0.44%.
Coming into today, shares of the company had gained 6.07% in the past month. In that same time, the Computer and Technology sector gained 7.68%, while the S&P 500 gained 2.72%.
The upcoming earnings release of Astera Labs, Inc. will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.39, reflecting a 69.57% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $206.73 million, indicating a 82.8% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.58 per share and revenue of $766.55 million. These totals would mark changes of +88.1% and +93.43%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Astera Labs, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Astera Labs, Inc. is carrying a Zacks Rank of #1 (Strong Buy).
With respect to valuation, Astera Labs, Inc. is currently being traded at a Forward P/E ratio of 126.64. Its industry sports an average Forward P/E of 30.06, so one might conclude that Astera Labs, Inc. is trading at a premium comparatively.
One should further note that ALAB currently holds a PEG ratio of 2.65. 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 Internet - Software industry had an average PEG ratio of 2.26 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 65, this industry ranks in the top 27% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our 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.
To follow ALAB in the coming trading sessions, be sure to utilize Zacks.com.