Earnings Forecast Research on Lam Research Corporation (LRCX)

Lam Research Corporation has received $2.54 as the consensus Earnings Estimate for the Quarter ending on Mar 2017 ,According to the estimate provided by 9 Financial Advisor in the Stock Trading Firms. Among 9 Analysts, Bottom line EPS Estimate for the current quarter is $2.45 while the top line estimate is $2.61 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at 115.25%.

Lam Research Corporation reported better than expected with a surprise EPS of 2.28% or $0.05 during its most recent quarterly earnings. The Actual EPS was $2.24 compared to the Estimated EPS of $2.19. Fremont based Lam Research Corporation Last reported the Quarter results on Dec 31, 2016 and the Next earnings date is scheduled to be released on Apr 19, 2017.

Lam Research Corporation has a Price to Earnings ratio of 16.5 for the trailing twelve month period. The price to book ratio of the company for the most recent quarter is 2.96. For the Most Recent Fiscal Year, Lam Research Corporation has a price to cash ratio of 13.3. For the Trailing twelve month period, company showed a Net Profit Margin of 15.67% and Return on Equity of the stock is 20.34%.

In the last quarter, Lam Research Corporation reported Annual Earnings of $2.24. Based on the filings, last years Annual Earnings was, $6.29. In the last Quarter, LRCX reported a surprise Earnings per Share of 2.28% . The consensus estimate for current quarter is $2.54 and for the current fiscal year, the estimate is $8.87. For the Next fiscal year, the estimate is $8.43 based on the consensus.

Lam Research Corporation (NASDAQ:LRCX) stock ended Tuesday session in the red zone in a volatile trading. The stock closed down 1.14 points or 0.98% at $114.86 with 2,384,585 shares getting traded. Post opening the session at $115.96, the shares hit an intraday low of $114.52 and an intraday high of $116.36 and the price was in this range throughout the day. The company has a market cap of $18,648 million and the number of outstanding shares has been calculated to be 162,357,000 shares. The 52-week high of Lam Research Corporation (NASDAQ:LRCX) is $119.14 and the 52-week low is $63.1.

Lam Research Corporation designs, manufactures, markets and services semiconductor processing equipment used in the fabrication of integrated circuits. Lam is recognized as a leading supplier of front-end wafer processing equipment to the worldwide semiconductor industry. The Companys products are used selectively to etch away portions of various films to create an integrated circuit.


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