Applied Materials (AMAT) Stock: What Wall Street Expects from Earnings Today
TLDR
- Applied Materials reports fiscal Q3 results after market close today, with analysts expecting $8.99B in revenue and $3.36 EPS
- That would represent 23% revenue growth and 36% EPS growth year-over-year
- Options market implies a potential 7.4% move in AMAT stock after earnings
- Put-to-call ratio of 1.4x on contracts expiring Aug. 14 signals bearish options sentiment
- Wall Street holds a Strong Buy consensus with an average price target of $667.46, implying 21.8% upside
Applied Materials reports fiscal Q3 earnings after the bell today, and the setup heading in is genuinely interesting. The numbers look strong on paper, but the options market is not convinced.
Analysts expect revenue of $8.99 billion, up roughly 23% year-over-year. Adjusted EPS is forecast at $3.36, which would be around 36% growth. Applied Materials itself guided for $8.95 billion in revenue and $3.36 EPS, putting the company largely in line with Wall Street.
AMAT stock is currently trading at a forward P/E of nearly 43x. That is more expensive than Nvidia, which trades at roughly 24x forward earnings.
โฆ Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
