Applied Materials (AMAT) Rises As Market Takes a Dip: Key Facts

Group 1 - Applied Materials (AMAT) stock closed at $194.99, with a +2.21% change, outperforming the S&P 500's loss of 0.07% [1] - Prior to the recent trading session, AMAT shares had gained 12.36%, surpassing the Computer and Technology sector's gain of 5.58% and the S&P 500's gain of 3.94% [1] Group 2 - The upcoming earnings report for Applied Materials is projected to show earnings of $2.34 per share, reflecting a year-over-year growth of 10.38%, with expected revenue of $7.2 billion, a 6.23% increase from the previous year [2] - For the full year, analysts expect earnings of $9.47 per share and revenue of $28.82 billion, indicating changes of +9.48% and +6.04% respectively from last year [3] Group 3 - Recent changes in analyst estimates for Applied Materials suggest a favorable outlook on the company's business health and profitability [4] - The Zacks Rank system, which includes estimate changes, indicates a current Zacks Rank of 3 (Hold) for Applied Materials, with a 0.03% increase in the consensus EPS estimate over the last 30 days [6] Group 4 - Applied Materials has a Forward P/E ratio of 20.14, which is a discount compared to its industry's Forward P/E of 27.61, and a PEG ratio of 2.12, while the Electronics - Semiconductors industry has an average PEG ratio of 1.62 [7] - The Electronics - Semiconductors industry is ranked 85 in the Zacks Industry Rank, placing it in the top 35% of over 250 industries, indicating strong performance potential [8]