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) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
Read MoreHide Full Article
Wall Street analysts forecast that Lam Research (LRCX - Free Report) will report quarterly earnings of $2.17 per share in its upcoming release, pointing to a year-over-year increase of 72.2%. It is anticipated that revenues will amount to $8.12 billion, exhibiting an increase of 52.4% compared to the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Lam Research metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus estimate for 'Revenue- Customer support-related revenue and other' stands at $2.50 billion. The estimate indicates a change of +40.6% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenue- Systems' of $5.61 billion. The estimate points to a change of +58.3% from the year-ago quarter.
Analysts predict that the 'Leading- and non-leading-edge equipment and upgrade Revenue - Memory' will reach 45.7%. The estimate is in contrast to the year-ago figure of 34.0%.
The average prediction of analysts places 'Leading- and non-leading-edge equipment and upgrade Revenue - Logic/integrated device manufacturing' at 10.7%. The estimate compares to the year-ago value of 6.0%.
Analysts' assessment points toward 'Leading- and non-leading-edge equipment and upgrade Revenue - Foundry' reaching 43.7%. Compared to the present estimate, the company reported 60.0% in the same quarter last year.
Over the past month, shares of Lam Research have returned +3% versus the Zacks S&P 500 composite's +2.4% change. Currently, LRCX carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
Lam Research (LRCX) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
Wall Street analysts forecast that Lam Research (LRCX - Free Report) will report quarterly earnings of $2.17 per share in its upcoming release, pointing to a year-over-year increase of 72.2%. It is anticipated that revenues will amount to $8.12 billion, exhibiting an increase of 52.4% compared to the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Lam Research metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus estimate for 'Revenue- Customer support-related revenue and other' stands at $2.50 billion. The estimate indicates a change of +40.6% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenue- Systems' of $5.61 billion. The estimate points to a change of +58.3% from the year-ago quarter.
Analysts predict that the 'Leading- and non-leading-edge equipment and upgrade Revenue - Memory' will reach 45.7%. The estimate is in contrast to the year-ago figure of 34.0%.
The average prediction of analysts places 'Leading- and non-leading-edge equipment and upgrade Revenue - Logic/integrated device manufacturing' at 10.7%. The estimate compares to the year-ago value of 6.0%.
Analysts' assessment points toward 'Leading- and non-leading-edge equipment and upgrade Revenue - Foundry' reaching 43.7%. Compared to the present estimate, the company reported 60.0% in the same quarter last year.
View all Key Company Metrics for Lam Research here>>>Over the past month, shares of Lam Research have returned +3% versus the Zacks S&P 500 composite's +2.4% change. Currently, LRCX carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .