For its fourth fiscal quarter (ending October 31), Applied Materials Inc (NASDAQ: AMAT) has reported a 29% increase in E.P.S. from $1.86 a year ago to $2.40 in the current quarter. This performance was $0.41 better than the consensus estimate of $1.99. E.P.S. were $8.16 for the latest four quarters through October 31 versus $7.49 for the same period a year ago — an increase of 9%.
Recent Price Action
Applied Materials Inc (NASDAQ: AMAT) stock closed at $154.81 on 11/16/23 after a modest decline of -0.4%. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 7.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AMAT is expected to continue to be a major Value Builder.
Applied Materials has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Applied Materials has a neutral Appreciation Score of 45 but a very high Power Rating of 93, triggering the Positive Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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