Company Performance - Astera Labs, Inc. (ALAB) stock decreased by 2.51% to $92.91, underperforming the S&P 500's daily loss of 0.84% [1] - Over the last month, ALAB shares increased by 5.23%, outperforming the Computer and Technology sector's loss of 0% and the S&P 500's gain of 1.44% [1] Earnings Expectations - The upcoming earnings report is expected to show an EPS of $0.33, representing a 153.85% increase from the prior-year quarter [2] - The Zacks Consensus Estimate for revenue is projected at $172.71 million, up 124.74% from the year-ago period [2] Full-Year Estimates - Full-year Zacks Consensus Estimates predict earnings of $1.35 per share and revenue of $702.43 million, indicating year-over-year changes of +60.71% and +77.25%, respectively [3] - Recent changes to analyst estimates for Astera Labs are seen as a sign of optimism regarding the business outlook [3] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Astera Labs at 2 (Buy) [5] - Over the past month, there has been a 2.74% rise in the Zacks Consensus EPS estimate [5] Valuation Metrics - Astera Labs is currently trading at a Forward P/E ratio of 193.92, significantly higher than the industry average of 45.44 [6] - The company has a PEG ratio of 4.48, compared to the Internet - Software industry's average PEG ratio of 3.23 [6] Industry Context - The Internet - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 47, placing it in the top 20% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Here's Why Astera Labs, Inc. (ALAB) Fell More Than Broader Market