In the newest buying and selling session, Extremely Clear Holdings (UCTT) closed at $46.69, marking a +1.92% transfer from the day before today. This modification outpaced the S&P 500’s 1.59% loss on the day.
Coming into immediately, shares of the chipmaking tools providers firm had misplaced 8.16% prior to now month. In that very same time, the Pc and Expertise sector gained 2.79%, whereas the S&P 500 gained 2.53%.
Buyers might be hoping for power from UCTT because it approaches its subsequent earnings launch, which is predicted to be August 2, 2021. In that report, analysts anticipate UCTT to submit earnings of $0.95 per share. This is able to mark year-over-year progress of 26.67%. In the meantime, our newest consensus estimate is looking for income of $507.61 million, up 47.23% from the prior-year quarter.
UCTT’s full-year Zacks Consensus Estimates are calling for earnings of $3.86 per share and income of $2 billion. These outcomes would signify year-over-year adjustments of +37.86% and +42.87%, respectively.
Buyers may also discover current adjustments to analyst estimates for UCTT. Current revisions are likely to replicate the newest near-term enterprise developments. Because of this, we are able to interpret constructive estimate revisions as a superb signal for the corporate’s enterprise outlook.
Primarily based on our analysis, we imagine these estimate revisions are straight associated to near-team inventory strikes. To profit from this, now we have developed the Zacks Rank, a proprietary mannequin which takes these estimate adjustments under consideration and gives an actionable ranking system.
The Zacks Rank system ranges from #1 (Robust Purchase) to #5 (Robust Promote). It has a exceptional, outside-audited observe file of success, with #1 shares delivering a median annual return of +25% since 1988. Throughout the previous 30 days, our consensus EPS projection remained stagnant. UCTT at the moment has a Zacks Rank of #3 (Maintain).
Valuation can be necessary, so buyers ought to word that UCTT has a Ahead P/E ratio of 11.87 proper now. For comparability, its business has a median Ahead P/E of 15.75, which implies UCTT is buying and selling at a reduction to the group.
In the meantime, UCTT’s PEG ratio is at the moment 1.48. This standard metric is just like the widely-known P/E ratio, with the distinction being that the PEG ratio additionally takes under consideration the corporate’s anticipated earnings progress price. The Electronics – Manufacturing Equipment was holding a median PEG ratio of 0.9 at yesterday’s closing value.
The Electronics – Manufacturing Equipment business is a part of the Pc and Expertise sector. This business at the moment has a Zacks Business Rank of 119, which places it within the prime 47% of all 250+ industries.
The Zacks Business Rank gauges the power of our business teams by measuring the common Zacks Rank of the person shares inside the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
Be sure you comply with all of those stock-moving metrics, and lots of extra, on Zacks.com.
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Extremely Clear Holdings, Inc. (UCTT): Free Inventory Evaluation Report
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