Lam Research (LRCX, $500.51) fiscal Q4 earnings beats Zacks Consensus Estimate
Lam Research reported quarterly adjusted earnings of $8.83 per share, topping the Zacks Consensus Estimate of $7.31 per share. The year-ago quarter’s earnings were $8.09 per share.
The semiconductor equipment company’s revenues grew +11.8% from the year-ago quarter to $4.64 billion for the quarter ,exceeding the Zacks Consensus Estimate by 10.14%.
Revenues from the company’s system business grew +8.8% from the year-ago quarter to $3.01 billion (64.9% of the total revenues). The Customer Support Business Group generated revenues of $1.63 billion (35.1%) in the quarter, +17.9% higher year over year.
For first-quarter fiscal 2023, Lam expects revenues of $4.9 billion (+/- $300 million), vs. Zacks Consensus Estimate of at $4.66 billion.
The company projects Non-GAAP earnings to be $9.50 (+/- 75 cents) per share, vs. the Zacks Consensus Estimate of $8.90.
LRCX in upward trend: price rose above 50-day moving average on December 02, 2024
LRCX moved above its 50-day moving average on December 02, 2024 date and that indicates a change from a downward trend to an upward trend. In of 41 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 02, 2024. You may want to consider a long position or call options on LRCX as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for LRCX just turned positive on November 26, 2024. Looking at past instances where LRCX's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LRCX advanced for three days, in of 307 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where LRCX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
LRCX broke above its upper Bollinger Band on December 02, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for LRCX entered a downward trend on December 02, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 69, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (15.649) is normal, around the industry mean (9.099). P/E Ratio (37.872) is within average values for comparable stocks, (58.935). Projected Growth (PEG Ratio) (2.793) is also within normal values, averaging (3.129). Dividend Yield (0.008) settles around the average of (0.021) among similar stocks. P/S Ratio (9.174) is also within normal values, averaging (49.579).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. LRCX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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General Information
a manufacturer of semiconductor processing equipment
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