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.
Applied Materials (AMAT) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, Applied Materials (AMAT - Free Report) closed at $404.98, marking a -1.97% move from the previous day. This change lagged the S&P 500's daily gain of 0.28%. At the same time, the Dow added 1.02%, and the tech-heavy Nasdaq lost 0.02%.
Prior to today's trading, shares of the maker of chipmaking equipment had lost 11.01% lagged the Computer and Technology sector's loss of 2.28% and the S&P 500's gain of 0.67%.
The investment community will be closely monitoring the performance of Applied Materials in its forthcoming earnings report. The company is scheduled to release its earnings on November 12, 2026. The company's upcoming EPS is projected at $4.06, signifying a 87.10% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $10.3 billion, indicating a 51.4% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $12.79 per share and a revenue of $34.25 billion, demonstrating changes of +35.77% and +20.72%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Applied Materials. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Applied Materials is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Applied Materials is currently being traded at a Forward P/E ratio of 32.3. This signifies no noticeable deviation in comparison to the average Forward P/E of 32.3 for its industry.
It's also important to note that AMAT currently trades at a PEG ratio of 1.15. 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. As the market closed yesterday, the Electronics - Semiconductors industry was having an average PEG ratio of 1.11.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 33% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Applied Materials (AMAT) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Applied Materials (AMAT - Free Report) closed at $404.98, marking a -1.97% move from the previous day. This change lagged the S&P 500's daily gain of 0.28%. At the same time, the Dow added 1.02%, and the tech-heavy Nasdaq lost 0.02%.
Prior to today's trading, shares of the maker of chipmaking equipment had lost 11.01% lagged the Computer and Technology sector's loss of 2.28% and the S&P 500's gain of 0.67%.
The investment community will be closely monitoring the performance of Applied Materials in its forthcoming earnings report. The company is scheduled to release its earnings on November 12, 2026. The company's upcoming EPS is projected at $4.06, signifying a 87.10% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $10.3 billion, indicating a 51.4% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $12.79 per share and a revenue of $34.25 billion, demonstrating changes of +35.77% and +20.72%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Applied Materials. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Applied Materials is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Applied Materials is currently being traded at a Forward P/E ratio of 32.3. This signifies no noticeable deviation in comparison to the average Forward P/E of 32.3 for its industry.
It's also important to note that AMAT currently trades at a PEG ratio of 1.15. 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. As the market closed yesterday, the Electronics - Semiconductors industry was having an average PEG ratio of 1.11.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 33% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.