Lam Research Earnings Preview
Lam Research (NAS: LRCX) will try to beat its earnings estimates for the fifth consecutive quarter. The company will unveil its latest earnings Wednesday. Lam Research designs, manufactures, and markets semiconductor processing equipment used in making integrated circuits, and is recognized as a major provider of such equipment to the worldwide semiconductor industry.
What analysts say:
- Buy, sell, or hold?: Analysts are bullish on this stock with eight analysts rating it as a buy and only one rating it as a sell. Analysts like Lam Research better than competitor Varian Semiconductor Equipment Associates overall. Analysts still rate the stock a hold, but they are a bit more wary about it compared with three months ago.
- Revenue Forecasts: On average, analysts predict $670.9 million in revenue this quarter. That would represent a decline of 16.7% from the year-ago quarter.
- Wall Street Earnings Expectations: The average analyst estimate is earnings of $0.65 per share. Estimates range from $0.62 to $0.80.
What our community says:
CAPS All-Stars are solidly backing the stock with 96.3% assigning it an "outperform" rating. The community at large agrees with the All-Stars with 93.2% awarding it a rating of "outperform." Fools are bullish on Lam Research and haven't been shy with their opinions lately, logging 125 posts in the past 30 days. Even with a robust four out of five stars, Lam Research's CAPS rating falls a little short of the community's upbeat outlook.
Lam Research's profit has risen year over year by an average of more than fourfold over the past five quarters. Revenue has now gone up for three straight quarters.
For all our Lam Research-specific analysis, including earnings and beyond, add Lam Research to My Watchlist.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
At the time this article was published