Tuesday after the close, we’ll get to see earnings out of Applied Materials Inc. (NASDAQ: AMAT). The estimates for the semiconductor fabrication company from First Call are $0.22 EPS on $2.14 billion in revenues. Next quarter estimates are $0.26 EPS on $2.28 billion in revenues. Estimates for fiscal Oct-2008 are $1.01 EPS on $8.95 billion in revenues.
Analysts have an average price target north of $24.00. Applied Materials’ 52-week trading range is $16.13 to $23.00. Shares are still in the middle of its 52-week trading range and it really just looks like the stock has support $1.00 under and resistance $1.00 higher based on its trading bands.
Shares closed up 3% Monday after the company described another win for its solar operations, and that is where we think the focus will be. This one still has the multiple of a chip cap-ex and equipment player rather than a solar player.
Jon C. Ogg
May 12, 2008
Essential Tips for Investing (Sponsored)
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
