What to Expect From Applied Materials Earnings

Technology

Published: August 14, 2014 10:46 am

Applied Materials Inc. (NASDAQ: AMAT) is set to report earnings on Thursday after the close. This leader in semiconductor capital equipment hopes to continue its growth trend. Thomson Reuters has consensus estimates call for $0.27 in earnings per share on $2.29 billion in revenues. This would compare to the results for the same quarter a year ago of $0.18 in earnings per share and $1.98 billion in revenue.

When Applied Materials reported earnings last quarter, it guided as follows: net sales to be flat to down 5% from the previous quarter, but up 13% to 19% from the year-ago period; adjusted earnings to be in a range of $0.25 to $0.29 per share, but this excludes known charges related to completed acquisitions and integration costs of $0.03 per share. The company also reported in its last quarter that the backlog grew 12% sequentially to $2.74 billion.

In case Applied Materials offers up guidance for the coming quarter, the consensus estimates for the coming quarter are for $0.26 in earnings per share and $2.28 billion in revenues. This would compare to the prior year’s comparable report of $0.19 in earnings per share and $1.99 billion in revenue.

Applied Materials’ shares slid heavily from their peak in July, falling from over $23 to under $21 recently. However, shares were up nicely from the $18.60 price before last earnings. Shares are also still higher than the gap-up price of $20.11 the day after the earnings report in May.

Shares recently traded at $21.10 before earnings. The consensus analyst price target is at $24.10, and the 52-week range is $14.85 to $23.46.

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