Benzinga | Nov 17, 2021 11:30AM EST

Applied Materials's Earnings: A Preview

Applied Materials (NASDAQ:AMAT) is set to give its latest quarterly earnings report on Thursday, 2021-11-18. Here's what investors need to know before the announcement.

Analysts estimate that Applied Materials will likely report an Earnings Per Share (EPS) of $1.95

Applied Materials bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.13, which was followed by a 1.55% drop in the share price the next day.

Here's a look at Applied Materials's past performance and the resulting price change:

Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020EPS Estimate 1.77 1.51 1.28 1.17EPS Actual 1.90 1.63 1.39 1.25Price Change % -1.55% -1.27% 5.32% 4.31%

Stock Performance

Shares of Applied Materials were trading at $157.86 as of November 16. Over the last 52-week period, shares are up 103.99%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here