Insights Ahead: Lam Research's Quarterly Earnings

Lam Research (NASDAQ:LRCX) is gearing up to announce its quarterly earnings on Wednesday, 2024-10-23. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Lam Research will report an earnings per share (EPS) of $0.80.

Investors in Lam Research are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Earnings Track Record

During the last quarter, the company reported an EPS beat by $0.06, leading to a 9.87% drop in the share price on the subsequent day.

Here's a look at Lam Research's past performance and the resulting price change:

Quarter

Q4 2024

Q3 2024

Q2 2024

Q1 2024

EPS Estimate

0.758

0.730

0.710

0.612

EPS Actual

0.814

0.779

0.752

0.685

Price Change %

-10.0%

2.0%

2.0%

-6.0%

Performance of Lam Research Shares

Shares of Lam Research were trading at $72.84 as of October 21. Over the last 52-week period, shares are up 24.03%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Insights on Lam Research

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Lam Research.

A total of 12 analyst ratings have been received for ...