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Applied Materials (AMAT) Stock Dips While Market Gains: Key Facts
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Applied Materials (AMAT - Free Report) ended the recent trading session at $516.89, demonstrating a -3.61% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.02%. Meanwhile, the Dow gained 0.51%, and the Nasdaq, a tech-heavy index, lost 0.18%.
Shares of the maker of chipmaking equipment witnessed a loss of 14.45% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 4.21%, and the S&P 500's gain of 0.77%.
The upcoming earnings release of Applied Materials will be of great interest to investors. The company's earnings report is expected on August 13, 2026. The company's earnings per share (EPS) are projected to be $3.36, reflecting a 35.48% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $9 billion, indicating a 23.28% upward movement from the same quarter last year.
AMAT's full-year Zacks Consensus Estimates are calling for earnings of $12.14 per share and revenue of $33.38 billion. These results would represent year-over-year changes of +28.87% and +17.67%, respectively.
Any recent changes to analyst estimates for Applied Materials should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.26% increase. Applied Materials currently has a Zacks Rank of #2 (Buy).
In terms of valuation, Applied Materials is currently trading at a Forward P/E ratio of 44.19. This expresses a premium compared to the average Forward P/E of 43.05 of its industry.
We can also see that AMAT currently has a PEG ratio of 1.36. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Electronics - Semiconductors industry stood at 1.65 at the close of the market yesterday.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 62, which puts it in the top 26% of all 250+ industries.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Applied Materials (AMAT) Stock Dips While Market Gains: Key Facts
Applied Materials (AMAT - Free Report) ended the recent trading session at $516.89, demonstrating a -3.61% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.02%. Meanwhile, the Dow gained 0.51%, and the Nasdaq, a tech-heavy index, lost 0.18%.
Shares of the maker of chipmaking equipment witnessed a loss of 14.45% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 4.21%, and the S&P 500's gain of 0.77%.
The upcoming earnings release of Applied Materials will be of great interest to investors. The company's earnings report is expected on August 13, 2026. The company's earnings per share (EPS) are projected to be $3.36, reflecting a 35.48% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $9 billion, indicating a 23.28% upward movement from the same quarter last year.
AMAT's full-year Zacks Consensus Estimates are calling for earnings of $12.14 per share and revenue of $33.38 billion. These results would represent year-over-year changes of +28.87% and +17.67%, respectively.
Any recent changes to analyst estimates for Applied Materials should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.26% increase. Applied Materials currently has a Zacks Rank of #2 (Buy).
In terms of valuation, Applied Materials is currently trading at a Forward P/E ratio of 44.19. This expresses a premium compared to the average Forward P/E of 43.05 of its industry.
We can also see that AMAT currently has a PEG ratio of 1.36. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Electronics - Semiconductors industry stood at 1.65 at the close of the market yesterday.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 62, which puts it in the top 26% of all 250+ industries.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.