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Here's What Analysts Are Forecasting For Applied Materials, Inc. (NASDAQ:AMAT) After Its Second-Quarter Results

Here's What Analysts Are Forecasting For Applied Materials, Inc. (NASDAQ:AMAT) After Its Second-Quarter Results

以下是分析師對應用材料公司(納斯達克股票代碼:AMAT)公佈第二季度業績後的預測
Simply Wall St ·  05/26 20:35

It's been a good week for Applied Materials, Inc. (NASDAQ:AMAT) shareholders, because the company has just released its latest quarterly results, and the shares gained 4.2% to US$221. The result was positive overall - although revenues of US$6.6b were in line with what the analysts predicted, Applied Materials surprised by delivering a statutory profit of US$2.06 per share, modestly greater than expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Applied Materials after the latest results.

對於應用材料公司(納斯達克股票代碼:AMAT)的股東來說,這是美好的一週,因爲該公司剛剛發佈了最新的季度業績,股價上漲了4.2%,至221美元。總體業績是積極的——儘管66億美元的收入與分析師的預測一致,但應用材料公司出人意料地實現了每股2.06美元的法定利潤,略高於預期。分析師通常會在每份收益報告中更新他們的預測,我們可以從他們的估計中判斷他們對公司的看法是否發生了變化,或者是否有任何新的問題需要注意。讀者會很高興得知我們已經彙總了最新的法定預測,以了解分析師在最新業績公佈後是否改變了對應用材料的看法。

earnings-and-revenue-growth
NasdaqGS:AMAT Earnings and Revenue Growth May 26th 2024
NASDAQGS: AMAT 收益和收入增長 2024 年 5 月 26 日

Following last week's earnings report, Applied Materials' 32 analysts are forecasting 2024 revenues to be US$26.9b, approximately in line with the last 12 months. Statutory earnings per share are forecast to decrease 3.9% to US$8.48 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$26.7b and earnings per share (EPS) of US$8.41 in 2024. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

繼上週的業績之後,應用材料公司的32位分析師預測2024年的收入爲269億美元,與過去12個月大致持平。預計同期法定每股收益將下降3.9%,至8.48美元。在本業績發佈之前,分析師一直預測2024年的收入爲267億美元,每股收益(EPS)爲8.41美元。鑑於他們的估計沒有重大變化,共識分析師似乎沒有在這些結果中看到任何會改變他們對業務看法的內容。

It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$231. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values Applied Materials at US$260 per share, while the most bearish prices it at US$165. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Applied Materials shareholders.

因此,得知共識目標股價基本維持在231美元也就不足爲奇了。但是,還有另一種思考價格目標的方法,那就是研究分析師提出的價格目標範圍,因爲範圍廣泛的估計可能表明,對業務可能的結果有不同的看法。目前,最看漲的分析師對應用材料的估值爲每股260美元,而最看跌的分析師估值爲165美元。分析師對該業務的看法肯定各不相同,但我們認爲,估計的分歧還不夠廣泛,不足以表明應用材料股東可能會有極端的結果。

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Applied Materials' past performance and to peers in the same industry. It's pretty clear that there is an expectation that Applied Materials' revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 3.1% growth on an annualised basis. This is compared to a historical growth rate of 14% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 17% annually. Factoring in the forecast slowdown in growth, it seems obvious that Applied Materials is also expected to grow slower than other industry participants.

這些估計很有趣,但是在查看預測與應用材料公司過去的表現以及與同一行業的同行進行比較時,可以更粗略地描述一些細節。很明顯,預計應用材料的收入增長將大幅放緩,預計到2024年底的收入按年計算將增長3.1%。相比之下,過去五年的歷史增長率爲14%。相比之下,該行業的其他公司(根據分析師的預測),後者的總體收入預計每年將增長17%。考慮到預期的增長放緩,很明顯,應用材料公司的增長速度預計也將低於其他行業參與者。

The Bottom Line

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The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Applied Materials' revenue is expected to perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

要了解的最重要的一點是,市場情緒沒有重大變化,分析師再次確認該業務的表現符合他們先前的每股收益預期。幸運的是,分析師還重申了他們的收入預期,表明收入符合預期。儘管我們的數據確實表明,應用材料的收入預計將比整個行業差。共識目標股價沒有實際變化,這表明該業務的內在價值與最新估計相比沒有發生任何重大變化。

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for Applied Materials going out to 2026, and you can see them free on our platform here.

根據這種思路,我們認爲該業務的長期前景比明年的收益重要得多。我們對應用材料公司到2026年的預測做出了預測,你可以在我們的平台上免費查看。

Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months on our platform, here.

需要考慮的另一件事是管理層和董事最近是否在買入或賣出股票。我們在此處概述了過去十二個月在我們的平台上所有公開市場股票交易。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

譯文內容由第三人軟體翻譯。


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