Earnings Outlook For Applied Mat
Portfolio Pulse from Benzinga Insights
Applied Materials (NASDAQ:AMAT) is scheduled to release its quarterly earnings report on Thursday, 2023-11-16, with analysts expecting an EPS of $1.88. Investors are looking for an earnings beat and positive guidance for future growth. Historically, AMAT's stock price has reacted to past earnings performances and guidance. Last quarter, AMAT beat the EPS estimate by $0.16, leading to a 3.68% stock price increase the following day. Over the last year, AMAT shares have risen 48.4%, indicating a bullish sentiment among long-term shareholders.
November 15, 2023 | 2:00 pm
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Applied Materials is expected to report an EPS of $1.88 for the upcoming earnings, with a focus on guidance for future quarters. Historically, beats have positively impacted the stock price, as seen last quarter with a 3.68% rise. Long-term shareholders remain bullish with a 48.4% increase over the past 52 weeks.
Given AMAT's history of stock price increases following earnings beats and the bullish sentiment from a 48.4% annual increase, there is a high likelihood of a positive short-term impact if AMAT meets or exceeds the EPS estimate and provides favorable guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100