- Lam Research (LRCX, Financial) poised to announce third-quarter earnings with significant EPS shifts.
- Analysts foresee a substantial revenue increase amid fluctuating price targets.
- Market sentiment remains optimistic with an "Outperform" consensus rating.
Lam Research (LRCX) is gearing up to release its third-quarter earnings results on April 23rd, after the market session concludes. The anticipation centers around a projected earnings per share (EPS) of $1.00, marking a sharp 87.2% decline compared to the previous year. Despite this, the revenue is expected to rise by an impressive 22.4%, reaching $4.64 billion. Over the past two years, Lam Research has consistently surpassed both EPS and revenue expectations, buoyed by numerous upward revisions in recent months.
Wall Street Analysts' Price Projections
From the one-year price targets provided by 25 analysts, the average target price for Lam Research Corp (LRCX, Financial) stands at $91.77, with projections ranging from a high of $125.00 to a low of $75.00. This suggests a potential upside of 44.57% from the current trading price of $63.48. For more comprehensive estimates, visit the Lam Research Corp (LRCX) Forecast page.
Analyst Recommendations and Stock Valuation
The consensus recommendation from 30 brokerage firms places Lam Research Corp (LRCX, Financial) with an average brokerage recommendation score of 2.0, signaling an "Outperform" rating. This rating scale ranges from 1 to 5, where 1 indicates a Strong Buy, and 5 suggests a Sell. This implies a positive outlook among analysts towards the company's performance.
According to GuruFocus estimates, the company's GF Value in one year is projected at $68.54, reflecting a potential upside of 7.97% from the current share price of $63.48. The GF Value represents GuruFocus' fair value estimation, factoring in historical trading multiples, past growth trends, and future business performance forecasts. Additional details can be accessed on the Lam Research Corp (LRCX, Financial) Summary page.
