Applied Materials EPS Estimate Up 14% to $10.97, Zacks Rank #2
Applied Materials has an average brokerage recommendation of 1.49, based on 36 firms, with 69.4% Strong Buy and 11.1% Buy ratings. Its Zacks Consensus Estimate for current-year EPS rose 14% to $10.97, earning a Zacks Rank #2 (Buy).
1. Brokerage Recommendation Profile
Applied Materials' average brokerage recommendation stands at 1.49 on a 1–5 scale, derived from 36 firms. Twenty-five Strong Buy and four Buy ratings represent 69.4% and 11.1% of all recommendations, reflecting strong sell-side optimism.
2. EPS Estimate Revision and Zacks Rank
The consensus estimate for current-year EPS climbed 14% over the past month to $10.97, resulting in a Zacks Rank #2 (Buy). This rank is driven by recent earnings estimate revisions and serves as a timely gauge of near-term price potential.
3. Investment Implications
Brokerage recommendations often carry a positive bias due to vested interests. Investors may benefit from combining the ABR with the Zacks Rank, using consensus estimate trends to validate analysis and inform investment decisions.