Applied Materials (AMAT) Increases Despite Market Slip: Here's What You Need to Know

Group 1 - Applied Materials (AMAT) closed at $199.29, with a +1.11% increase, outperforming the S&P 500's loss of 0.4% [1] - The stock has risen by 11.64% over the past month, surpassing the Computer and Technology sector's gain of 6.34% and the S&P 500's gain of 4.97% [1] Group 2 - Analysts expect Applied Materials to report earnings of $2.34 per share, reflecting a year-over-year growth of 10.38%, with revenue forecasted at $7.2 billion, indicating a 6.23% increase compared to the same quarter last year [2] - Full-year estimates project earnings of $9.47 per share and revenue of $28.82 billion, representing year-over-year changes of +9.48% and +6.04% respectively [3] Group 3 - Recent analyst estimate revisions for Applied Materials suggest a positive outlook for the business [3][4] - The Zacks Rank system, which includes estimate changes, currently ranks Applied Materials at 3 (Hold) [5] Group 4 - Applied Materials has a Forward P/E ratio of 20.81, which is lower than the industry average of 27.16 [6] - The company has a PEG ratio of 2.19, compared to the Electronics - Semiconductors industry's average PEG ratio of 1.6 [6] Group 5 - The Electronics - Semiconductors industry, part of the Computer and Technology sector, ranks in the top 23% of all industries according to the Zacks Industry Rank [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]