Lam Research (LRCX) Registers a Bigger Fall Than the Market: Important Facts to Note

Company Overview - Lam Research (LRCX) experienced a decline of 2.33% to $89.52, underperforming the S&P 500's loss of 1.13% on the same day [1] - Prior to this trading session, LRCX shares had increased by 8.1%, surpassing the Computer and Technology sector's gain of 7.36% and the S&P 500's gain of 3.55% [1] Earnings Forecast - The upcoming earnings release is anticipated to show an EPS of $1.2, reflecting a growth of 48.15% compared to the same quarter last year [2] - Revenue is expected to reach $4.98 billion, indicating a 28.52% increase from the equivalent quarter last year [2] Full Year Estimates - For the full year, analysts project earnings of $4 per share and revenue of $18.21 billion, representing increases of 33.78% and 22.15% respectively from the previous year [3] Analyst Sentiment - Recent changes in analyst estimates suggest a favorable outlook on Lam Research's business health and profitability [4] - The Zacks Rank system currently rates Lam Research as 2 (Buy), indicating a positive sentiment among analysts [6] Valuation Metrics - Lam Research has a Forward P/E ratio of 22.89, which is lower than the industry average of 25.05 [7] - The company also has a PEG ratio of 1.29, compared to the average PEG ratio of 1.5 for Electronics - Semiconductors stocks [8] Industry Context - The Electronics - Semiconductors industry is part of the Computer and Technology sector, holding a Zacks Industry Rank of 73, placing it in the top 30% of over 250 industries [9]