Lam Research Shares Rise 2.6% Following 5.6% Decline, EPS Growth Seen 27.9%
Yesterday Lam Research shares rose 2.63% while the S&P 500 gained 0.78% and Nasdaq 1.29% after a prior 5.58% drop that lagged sector losses. Q1 EPS is set at $1.33 (+27.9% YoY) on $5.74B in revenues (+21.7%), with full-year EPS of $5.24 (+26.6%) and revenues of $22.15B (+20.2%).
1. Recent Trading Performance
Lam Research shares climbed 2.63% to $222.99, outpacing the S&P 500’s 0.78% gain and Nasdaq’s 1.29% rise. This rebound follows a 5.58% decline that exceeded sector losses of 3.59% and the S&P 500’s 1.33% drop in the prior session.
2. Upcoming Quarterly Estimates
The company is projected to report Q1 earnings of $1.33 per share, reflecting 27.88% year-over-year growth, on $5.74 billion in revenue, up 21.71% from the same quarter last year. Full-year consensus estimates call for $5.24 in EPS (+26.6%) and $22.15 billion in revenue (+20.2%).
3. Valuation Metrics and Industry Standing
Lam Research trades at a forward P/E of 41.46 versus an industry average of 36.04 and carries a PEG ratio of 2.34 compared with the sector average of 2.17. The stock holds a #1 Strong Buy rank in its estimate-revision model and sits in the top 34% of semiconductor industry groups.