Insights Into Applied Materials (AMAT) Q3: Wall Street Projections for Key Metrics

Core Insights - The upcoming earnings report for Applied Materials (AMAT) is anticipated to show quarterly earnings of $2.34 per share, reflecting a 10.4% increase year-over-year, with revenues expected to reach $7.2 billion, a 6.2% increase from the previous year [1]. Earnings Estimates - There has been a downward revision of 0.5% in the consensus EPS estimate for the quarter over the past 30 days, indicating a collective reassessment by analysts [2]. - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Revenue Projections - Analysts project 'Net Sales- Applied Global Services' to reach $1.56 billion, indicating a -1.6% change from the prior-year quarter [5]. - 'Net Sales- Semiconductor Systems' is expected to reach $5.39 billion, reflecting a +9.4% change year-over-year [5]. - 'Net Sales- Display and Adjacent Markets' is projected to be $250.19 million, showing a -0.3% change from the previous year [5]. - The 'Net Sales- Corporate and Other' is estimated to be $14.87 million, indicating a significant -35.4% year-over-year change [6]. Stock Performance - Over the past month, shares of Applied Materials have decreased by -6.6%, contrasting with the Zacks S&P 500 composite's increase of +2.7% [6]. - Currently, AMAT holds a Zacks Rank 2 (Buy), suggesting potential outperformance in the near future [6].