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Applied Materials, Inc. (NASDAQ:AMAT) Performance Overview and Predictions

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Stock performance overview and predictions for Applied Materials, Inc. (NASDAQ:AMAT).

Description: A graph showing the performance of Applied Materials, Inc. (NASDAQ:AMAT) stock over the past 12 months.

Applied Materials, Inc. (NASDAQ:AMAT) is a global leader in materials engineering and production solutions for the semiconductor, display, and related industries. The company has seen solid performance in recent years, with their stock price increasing by over 60% in the last 12 months. As we look ahead to the company’s upcoming fiscal 2023 results, investors are eager to see if this performance will continue into the future.

To help understand the future of the company, let’s take a look at their past performance. Applied Materials has seen strong growth in both revenue and earnings over the past few years. In the fourth quarter of fiscal 2022, the company reported year-over-year revenue growth of 10.3%. This growth was driven by strong demand for the company’s semiconductor and display solutions. Earnings per share (EPS) also increased from $0.43 in the fourth quarter of fiscal 2021 to $0.56 in the fourth quarter of fiscal 2022.

The company’s strong performance is likely to be reflected in the upcoming results. Analysts are expecting the company to report revenue growth of 10.7% year-over-year and EPS growth of 12.2%. The Earnings ESP for Applied Materials, Inc. AMAT is +0.42% and it carries a Zacks Rank of 3. The company is set to report quarterly numbers on Feb 16.

Of course, the knack is to find stock that have their best days in the future, not in the past. investors can base their opinion on past performance, but it’s also important to look at any other factors that might influence a stock’s performance in the future.

Applied Materials Inc. (NASDAQ:AMAT) has recently been the target of some positive analysis. According to Motley Fool, this growth stock could “deliver huge returns”. The company also scored a price-to-earnings (P/E) ratio of 24.58, which is lower than the industry average of 28. This could indicate that the company is undervalued relative to its peers.

The company’s future performance could also be impacted by any changes in their outlook. In the fourth quarter of fiscal 2022, Applied Materials lowered their guidance for the full year of fiscal 2023. The change reflected a decrease in the company’s expectations for future performance. According to the current consensus estimate, Applied Materials is expected to report revenue of $14.3 billion and EPS of $3.05 for fiscal 2023.

Another stock from the broader Zacks Computer and Technology sector, Applied Materials (NASDAQ:AMAT), has yet to report results for the quarter ended January 2023. Analysts are expecting the company to report revenue of $3.6 billion and EPS of $0.50 for the quarter. If the company meets or exceeds these expectations, then this could be a positive sign for investors.

In conclusion, Applied Materials, Inc. (NASDAQ:AMAT) has seen strong performance in recent years, and investors are eager to see if this performance will continue into the future. The company has a Zacks Rank #3 and an Earnings ESP of +0.42%. investors should also consider any changes in the company’s outlook and any other factors that could influence their stock price in the future.


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