Applied Materials (AMAT) Stock Falls Amid Market Uptick: What Investors Need to Know

Company Performance - Applied Materials (AMAT) closed at $176.99, reflecting a -0.47% change from the previous trading day, underperforming the S&P 500 which gained 0.16% [1] - Over the past month, shares of Applied Materials have appreciated by 5.74%, outperforming the Computer and Technology sector's loss of 0.17% and the S&P 500's loss of 2.8% [2] Upcoming Earnings - Analysts expect Applied Materials to report earnings of$ 2.28 per share, indicating a year-over-year growth of 7.04%. Revenue is projected at $7.16 billion, up 6.74% from the prior-year quarter [3] - For the full year, Zacks Consensus Estimates project earnings of$ 9.37 per share and revenue of $29.34 billion, reflecting changes of +8.32% and +7.97% respectively from the previous year [4] Analyst Estimates and Rankings - Recent modifications to analyst estimates for Applied Materials reflect short-term business trends, with positive revisions indicating analyst optimism about the company's profitability [5] - The Zacks Rank system, which assesses estimate changes, currently ranks Applied Materials at 3 (Hold), with the consensus EPS estimate moving 1.16% lower over the last 30 days [6][7] Valuation Metrics - Applied Materials is trading at a Forward P/E ratio of 18.97, which is a discount compared to the industry average Forward P/E of 27.81. The PEG ratio stands at 1.81, compared to the industry average of 2.13 [8] Industry Context - The Electronics - Semiconductors industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 148, placing it in the bottom 42% of over 250 industries [9]