Applied Materials, Inc. (AMAT) is scheduled to report its first-quarter results on February 15. Wall Street expects the company to post lower earnings and revenue over the prior-year quarter. In this piece, I have discussed why it could be wise to buy the stock now.
For the first quarter, AMAT’s EPS and revenue are expected to decrease 6.1% and 3.8% year-over-year to $1.91 and $6.49 billion, respectively. The company has a stellar earnings history, having beaten the consensus EPS estimate in each of the trailing four quarters.
