Applied Mat Earnings Preview
Portfolio Pulse from Benzinga Insights
Applied Materials (AMAT) is scheduled to release its quarterly earnings report on February 15, 2024. Analysts predict an EPS of $1.91. The company's past performance shows a mix of earnings beats and misses, with stock price reactions varying accordingly. Shares have risen 58.42% over the last year, indicating a positive outlook from long-term investors. The focus will be on whether AMAT beats the EPS estimate and provides optimistic future guidance.
February 14, 2024 | 2:01 pm
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POSITIVE IMPACT
Applied Materials is expected to report an EPS of $1.91 for the upcoming quarter. Historical data shows variable stock price reactions to earnings reports. With a 58.42% increase in share price over the last year, investor sentiment is positive.
Given AMAT's past performance of beating EPS estimates and the positive trend in its share price over the last year, there is a high likelihood of a positive short-term impact on AMAT's stock price if it beats the EPS estimate again and provides optimistic future guidance. However, the historical mixed reactions to earnings reports introduce some uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100