Lam Research (LRCX) Outperforms Broader Market: What You Need to Know

Stock Performance - Lam Research (LRCX) closed at $81 50, up 1 49% from the previous session, outperforming the S&P 500 (0 88%), Dow (1 24%), and Nasdaq (0 65%) [1] - Over the past month, LRCX shares gained 8 81%, outperforming the Computer and Technology sector (0 37%) and the S&P 500 (1 17%) [1] Earnings and Revenue Projections - LRCX is projected to report earnings of$ 0 87 per share on January 29, 2025, representing a 16% YoY growth [2] - Revenue for the upcoming quarter is estimated at $4 31 billion, a 14 59% increase from the same quarter last year [2] - For the full fiscal year, earnings are projected at$ 3 51 per share (+17 39% YoY) and revenue at $17 19 billion (+15 35% YoY) [3] Analyst Estimates and Valuation - Recent changes in analyst estimates reflect confidence in LRCX's business performance and profit potential [4] - LRCX has a Forward P/E ratio of 22 91, below the industry average of 26 04 [7] - The PEG ratio of LRCX is 1 48, lower than the industry average of 2 2 [7] Industry Overview - The Electronics - Semiconductors industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 89, placing it in the top 36% of all industries [8] - The top 50% of industries outperform the bottom half by a factor of 2 to 1 [8]