Astera Labs Slips as Major Indexes Rise; Earnings Estimates in Focus

Astera Labs shares fell 1.71% to close at $350.33 in the latest session, even as major U.S. indexes advanced. The S&P 500 gained 0.73%, the Dow rose 0.49% and the Nasdaq added 1.19%.

Zacks said Astera shares had gained 26.02% before the latest session, outpacing gains of 6.36% for the Computer and Technology sector and 0.55% for the S&P 500.

Ahead of the company’s forthcoming earnings report, Zacks Consensus Estimates call for earnings of $1.19 per share and revenue of $550.39 million. Those estimates represent year-over-year increases of 142.86% and 138.71%, respectively.

For the full year, Zacks estimates earnings of $3.97 per share and revenue of $1.89 billion. The forecasts imply increases of 115.76% and 122.02% from the prior year.

Zacks also put Astera’s forward P/E ratio at 89.69, compared with an industry average of 19.59. The article said the consensus EPS estimate had remained unchanged over the past month.