Why the Market Dipped But Lam Research (LRCX) Gained Today
Lam ResearchLam Research(US:LRCX) ZACKS·2024-12-26 23:55

Company Performance - Lam Research's stock closed at $73.99, reflecting a +0.22% change from the previous trading day, outperforming the S&P 500's daily loss of 0.04% [1] - The stock has increased by 3.16% over the past month, which is below the Computer and Technology sector's gain of 5.93% but above the S&P 500's gain of 1.05% [1] Upcoming Earnings - Lam Research is expected to report an EPS of $0.87, indicating a 16% increase from the same quarter last year [2] - The consensus estimate for revenue is projected at $4.31 billion, reflecting a 14.59% rise from the equivalent quarter last year [2] Full-Year Estimates - The full-year Zacks Consensus Estimates predict earnings of $3.50 per share and revenue of $17.19 billion, representing year-over-year changes of +17.06% and +15.35%, respectively [3] Analyst Forecast Revisions - Recent revisions to analyst forecasts for Lam Research are important as they reflect short-term business trends, with positive revisions indicating optimism about the company's outlook [4] Zacks Rank and Valuation - Lam Research currently holds a Zacks Rank of 4 (Sell), with the Zacks Consensus EPS estimate having decreased by 0.68% over the last 30 days [6] - The company is trading at a Forward P/E ratio of 21.12, which is a discount compared to the industry's average Forward P/E of 39.57 [7] PEG Ratio - Lam Research has a PEG ratio of 1.36, compared to the Electronics - Semiconductors industry's average PEG ratio of 2.16 [8] Industry Ranking - The Electronics - Semiconductors industry ranks in the bottom 43% of all industries, with a current Zacks Industry Rank of 145 [9]