Company Performance - Astera Labs, Inc. (ALAB) experienced a decline of 2.2% in its stock price, closing at $168.83, while the S&P 500 gained 0.46% [1] - Over the last month, ALAB shares increased by 16.83%, outperforming the Computer and Technology sector's gain of 4.54% and the S&P 500's gain of 4.22% [1] Upcoming Earnings - Analysts expect Astera Labs to report earnings of $0.51 per share, reflecting a year-over-year growth of 37.84% [2] - Revenue is projected to be $249.79 million, indicating a significant growth of 77.03% compared to the same quarter last year [2] Full Year Projections - For the full year, earnings are projected at $1.78 per share and revenue at $831.69 million, representing increases of 111.9% and 109.87% respectively from the previous year [3] Analyst Estimates - Changes in analyst estimates for Astera Labs are crucial as they reflect the shifting dynamics of short-term business patterns, with upward revisions indicating positive sentiment towards the company's operations [4] - The Zacks Rank system, which assesses these estimate changes, currently rates Astera Labs at 3 (Hold) [6] Valuation Metrics - Astera Labs holds a Forward P/E ratio of 97.16, significantly higher than the industry average of 29.41, suggesting that the company is trading at a premium [7] - The company has a PEG ratio of 1.78, compared to the Internet - Software industry's average PEG ratio of 1.85, indicating a favorable growth outlook [8] Industry Context - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 53, placing it in the top 22% of over 250 industries [8] - The strength of individual industry groups is measured by the Zacks Industry Rank, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [9]
Astera Labs, Inc. (ALAB) Stock Dips While Market Gains: Key Facts