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Applied Materials (NASDAQ:AMAT) announces its next round of earnings Thursday. Here is Benzinga's everything-that-matters guide for the Q3 earnings announcement.
Earnings and Revenue
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Wall Street expects EPS of $1.17 and sales around $4.43 billion.
Applied Materials EPS in the same period a year ago totaled 86 cents. Revenue was $3.74 billion. The Wall Street consensus estimate for earnings would represent a 36.05 percent increase for the company. Sales would be up 18.32 percent from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
| EPS Estimate | 1.14 | 0.98 | 0.91 | 0.84 |
| EPS Actual | 1.22 | 1.06 | 0.93 | 0.86 |
Stock Performance
Over the last 52-week period, shares are up 8.52 percent. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The average rating by analysts on Applied Materials stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Applied Materials's Q3 conference call is scheduled to begin at 5:00 p.m. ET and can be accessed here: http://investors.appliedmaterials.com/phoenix.zhtml?c=112059&p=irol-EventDetails&EventId=5274492
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.