Earnings Preview For Lam Research
Portfolio Pulse from Benzinga Insights
Lam Research (NASDAQ:LRCX) is set to release its latest quarterly earnings report on Wednesday, 2023-10-18. Analysts estimate an earnings per share (EPS) of $6.07. Last quarter, the company beat EPS by $0.91, resulting in a 9.28% increase in the share price the next day. Shares of Lam Research were trading at $650.7 as of October 16, with a 96.85% increase over the last 52-week period.
October 17, 2023 | 4:00 pm
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POSITIVE IMPACT
Lam Research is expected to report an EPS of $6.07 in its upcoming earnings. The company's previous EPS beat led to a significant share price increase. The stock has seen a 96.85% increase over the last 52 weeks.
The upcoming earnings report is a significant event for Lam Research. Given the company's history of beating EPS estimates and the subsequent positive impact on the share price, there is a high likelihood of a similar outcome this time. The stock's strong performance over the past year also indicates a positive sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100