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On Thursday, Applied Materials (NASDAQ:AMAT) will release its latest earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
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Wall Street analysts see Applied Materials reporting earnings of 76 cents per share on sales of $3.68 billion.
Applied Materials EPS in the same period a year ago totaled 97 cents. Revenue was $4.01 billion. Analysts estimate would represent a 21.65% decrease in the company's earnings. Sales would be down 8.32% from the same quarter last year. The company's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
| EPS Estimate | 0.700 | 0.660 | 0.79 | 0.97 |
| EPS Actual | 0.740 | 0.700 | 0.81 | 0.97 |
Stock Performance
Over the last 52-week period, shares are up 72.96%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release. Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. The popular 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 is scheduled to hold a conference call at 4:30 p.m. ET and can be accessed here: https://ir.appliedmaterials.com/events/event-details/q4-2019-applied-materials-earnings-conference-call
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.