This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive
compensation for actions taken through them.
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
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.