Advertisement
New Zealand markets closed

  • NZX 50

    11,805.09
    -141.34 (-1.18%)
     

  • NZD/USD

    0.5942
    -0.0008 (-0.13%)
     

  • NZD/EUR

    0.5555
    +0.0014 (+0.26%)
     

  • ALL ORDS

    7,837.40
    -100.10 (-1.26%)
     

  • ASX 200

    7,575.90
    -107.10 (-1.39%)
     

  • OIL

    84.05
    +0.48 (+0.57%)
     

  • GOLD

    2,350.50
    +8.00 (+0.34%)
     

  • NASDAQ

    17,721.51
    +291.00 (+1.67%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • Dow Jones

    38,254.02
    +168.22 (+0.44%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • NZD/JPY

    93.6280
    +1.1320 (+1.22%)
     

Compared to Estimates, Applied Materials (AMAT) Q2 Earnings: A Look at Key Metrics

Zacks Equity Research
·2-min read

For the quarter ended April 2023, Applied Materials (AMAT) reported revenue of $6.63 billion, up 6.2% over the same period last year. EPS came in at $2.00, compared to $1.85 in the year-ago quarter.

The reported revenue represents a surprise of +3.65% over the Zacks Consensus Estimate of $6.4 billion. With the consensus EPS estimate being $1.84, the EPS surprise was +8.70%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

ADVERTISEMENT

Here is how Applied Materials performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net Sales- Corporate and Other: $57 million versus $43.81 million estimated by three analysts on average.

  • Net Sales- Semiconductor Systems: $4.98 billion compared to the $4.85 billion average estimate based on three analysts. The reported number represents a change of +11.6% year over year.

  • Net Sales- Display and Adjacent Markets: $168 million compared to the $160.13 million average estimate based on three analysts. The reported number represents a change of -55.9% year over year.

  • Net Sales- Applied Global Services: $1.43 billion versus $1.34 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.3% change.

View all Key Company Metrics for Applied Materials here>>>

Shares of Applied Materials have returned +13.9% over the past month versus the Zacks S&P 500 composite's +0.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Applied Materials, Inc. (AMAT) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research