Applied Materials, Inc. (AMAT) is set to report its fiscal third-quarter earnings Thursday after the markets close. The equipment fabricator for the semiconductor and semiconductor-related industries is expected to report revenue of $2.54 billion. Similarly, the EPS is projected at $0.33. A year ago, Applied Materials earned $0.28 a share. The Street’s estimates for the quarter reflect a year-over-year EPS and revenue increase of 18% and 11.89%, respectively. Meanwhile, EarningsWhisper.com reports a whisper number of $0.33 per share.
As a quick reminder, AMAT reported 2Q/15 EPS of $0.29, $0.01 better than the Street’s consensus estimate. Revs rose nearly 4% YoY to $2.44 billion vs. the $2.40 billion consensus.
On valuation measures, Applied Materials shares are priced at 16.69x this year’s forecasted earnings, compared to the industry’s 13.21x earnings multiple. The company’s current year and next year EPS growth estimates stand at 15.00% and 18.70% compared to the industry growth rates of 15.90% and 26.80%, respectively. AMAT has a t-12 price-to-sales ratio of 2.29. EPS for the same period registers at $1.02.
AMAT shares have declined 10.20% in the last 4 weeks 12.39% in the past three months. Over the past 5 trading sessions the stock has gained 3.03%.
The Santa Clara, California-based company, which is currently valued at $20.96 billion, has a median Street price target of $24 with a high target of $28. Applied Materials is down 16.28% year-over-year, compared with a 7.06% gain in the S&P 500.