Lam Research's FQ4 earnings on deck, what to expect?
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Lam Research (NASDAQ:LRCX) is scheduled to announce FQ4 earnings results on Wednesday, July 26th, after ma`rket close.
The consensus EPS Estimate is $5.13 (-41.9% Y/Y) and the consensus Revenue Estimate is $3.15B (-32.1% Y/Y).
After FQ3 earnings report, the stock price marginally declined despite a beat on top and bottom line estimates. The company also laid out FQ4 expectations, expecting sales of $3.1B, plus or minus $300M, with gross margins 43.2%, plus or minus 1%. IEPS between $4.75 per share, plus or minus 75 cents. 
Recently, Sitfel analyst Brian Chin raised his rating on the company to Buy from Hold and boosted his per-share price target to $725 from $505, pointing out beneficial business for dynamic random access memory on back of rising trend of artificial intelligence.
The adoption of foundry systems will likely contribute well for FQ4 results; however, weakening memory spending, especially in NAND, might be a concern.
Over the last 2 years, LRCX has beaten EPS estimates 88% of the time and has beaten revenue estimates 63% of the time.
Over the last 3 months, EPS estimates have seen 0 upward revisions and 2 downward. Revenue estimates have seen 1 upward revision and 0 downward.
The stock has seen a ~42% surge in its price over the last year, much above the peers.

The sell-side analyst give the stock a Buy rating with an average target price of 625.22. Quant rating of Hold, with highest factor grades given to profitability and momentum. Digging deeper in the momentum grid of the stock, gives a comparative analysis vs. sector median and returns.

More on Lam Research:

Lam Research Earnings: All Eyes On Memory Chip Recovery
Lam Research And Applied Materials: Downgrading Semi-Caps To Hold
Lam Research: The Challenging Memory Downturn Won't Last