Applied Materials Earnings Preview: Can This Streak Continue?

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Applied Materials (NASDAQ:AMAT) will report earnings after markets close on Thursday, May 16th. Applied Materials, Inc. develops, manufactures, markets, and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. The Company’s customers include semiconductor wafer and integrated circuit manufacturers, flat panel liquid crystal displays, solar photovoltaic cells and modules and other electronic devices manufacturers.

Here is your Cheat Sheet to Applied Materials Earnings:

Earnings Expectations: Analysts expect earnings of $0.13 per share on revenues of $1.91 billion. Currently, the company’s P/E ratio stands at 710.48.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.18 to a profit $0.2. For the current year, the average estimate is a profit of $0.62, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Applied Materials has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 8,129 5,014 9,549 10,520 8,719
Diluted EPS ($) 0.70 -0.23 0.70 1.45 0.09

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jan. 31, 2012 Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 2,189 2,541 2,343 1,646 1,573
Diluted EPS ($) 0.09 0.22 0.17 -0.4228 0.03

Past Performance:
Applied Materials has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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