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Applied Materials (AMAT) Stock Dips While Market Gains: Key Facts
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Applied Materials (AMAT - Free Report) closed at $404.86 in the latest trading session, marking a -2.92% move from the prior day. This change lagged the S&P 500's daily gain of 0.12%. Elsewhere, the Dow saw a downswing of 0.13%, while the tech-heavy Nasdaq appreciated by 0.2%.
Prior to today's trading, shares of the maker of chipmaking equipment had gained 23.69% outpaced the Computer and Technology sector's gain of 16.05% and the S&P 500's gain of 9.3%.
Investors will be eagerly watching for the performance of Applied Materials in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on May 14, 2026. The company is forecasted to report an EPS of $2.66, showcasing a 11.3% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $7.68 billion, reflecting a 8.23% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $11.1 per share and revenue of $31.61 billion. These totals would mark changes of +17.83% and +11.42%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Applied Materials. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Applied Materials presently features a Zacks Rank of #2 (Buy).
With respect to valuation, Applied Materials is currently being traded at a Forward P/E ratio of 37.56. This represents a discount compared to its industry average Forward P/E of 48.25.
Investors should also note that AMAT has a PEG ratio of 1.86 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Electronics - Semiconductors industry was having an average PEG ratio of 2.62.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 92, putting it in the top 38% of all 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Applied Materials (AMAT) Stock Dips While Market Gains: Key Facts
Applied Materials (AMAT - Free Report) closed at $404.86 in the latest trading session, marking a -2.92% move from the prior day. This change lagged the S&P 500's daily gain of 0.12%. Elsewhere, the Dow saw a downswing of 0.13%, while the tech-heavy Nasdaq appreciated by 0.2%.
Prior to today's trading, shares of the maker of chipmaking equipment had gained 23.69% outpaced the Computer and Technology sector's gain of 16.05% and the S&P 500's gain of 9.3%.
Investors will be eagerly watching for the performance of Applied Materials in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on May 14, 2026. The company is forecasted to report an EPS of $2.66, showcasing a 11.3% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $7.68 billion, reflecting a 8.23% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $11.1 per share and revenue of $31.61 billion. These totals would mark changes of +17.83% and +11.42%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Applied Materials. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Applied Materials presently features a Zacks Rank of #2 (Buy).
With respect to valuation, Applied Materials is currently being traded at a Forward P/E ratio of 37.56. This represents a discount compared to its industry average Forward P/E of 48.25.
Investors should also note that AMAT has a PEG ratio of 1.86 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Electronics - Semiconductors industry was having an average PEG ratio of 2.62.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 92, putting it in the top 38% of all 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.
You can find more information on all of these metrics, and much more, on Zacks.com.