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Astera Labs, Inc. (ALAB) Stock Dips While Market Gains: Key Facts
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In the latest close session, Astera Labs, Inc. (ALAB - Free Report) was down 2.2% at $168.83. The stock trailed the S&P 500, which registered a daily gain of 0.46%. On the other hand, the Dow registered a gain of 0.17%, and the technology-centric Nasdaq increased by 0.57%.
The company's shares have seen an increase of 16.83% over the last month, surpassing the Computer and Technology sector's gain of 4.54% and the S&P 500's gain of 4.22%.
Analysts and investors alike will be keeping a close eye on the performance of Astera Labs, Inc. in its upcoming earnings disclosure. In that report, analysts expect Astera Labs, Inc. to post earnings of $0.51 per share. This would mark year-over-year growth of 37.84%. In the meantime, our current consensus estimate forecasts the revenue to be $249.79 million, indicating a 77.03% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.78 per share and revenue of $831.69 million, which would represent changes of +111.9% and +109.87%, 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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Within the past 30 days, our consensus EPS projection has moved 0.09% higher. At present, Astera Labs, Inc. boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Astera Labs, Inc. is holding a Forward P/E ratio of 97.16. Its industry sports an average Forward P/E of 29.41, so one might conclude that Astera Labs, Inc. is trading at a premium comparatively.
Also, we should mention that ALAB has a PEG ratio of 1.78. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.85.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 53, placing it within the top 22% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
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Astera Labs, Inc. (ALAB) Stock Dips While Market Gains: Key Facts
In the latest close session, Astera Labs, Inc. (ALAB - Free Report) was down 2.2% at $168.83. The stock trailed the S&P 500, which registered a daily gain of 0.46%. On the other hand, the Dow registered a gain of 0.17%, and the technology-centric Nasdaq increased by 0.57%.
The company's shares have seen an increase of 16.83% over the last month, surpassing the Computer and Technology sector's gain of 4.54% and the S&P 500's gain of 4.22%.
Analysts and investors alike will be keeping a close eye on the performance of Astera Labs, Inc. in its upcoming earnings disclosure. In that report, analysts expect Astera Labs, Inc. to post earnings of $0.51 per share. This would mark year-over-year growth of 37.84%. In the meantime, our current consensus estimate forecasts the revenue to be $249.79 million, indicating a 77.03% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.78 per share and revenue of $831.69 million, which would represent changes of +111.9% and +109.87%, 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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Within the past 30 days, our consensus EPS projection has moved 0.09% higher. At present, Astera Labs, Inc. boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Astera Labs, Inc. is holding a Forward P/E ratio of 97.16. Its industry sports an average Forward P/E of 29.41, so one might conclude that Astera Labs, Inc. is trading at a premium comparatively.
Also, we should mention that ALAB has a PEG ratio of 1.78. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.85.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 53, placing it within the top 22% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.