Ultra Clear Holdings (UCTT) closed at $56.59 within the newest buying and selling session, marking a +1.73% transfer from the prior day. This alteration outpaced the S&P 500’s 0.47% achieve on the day.
Coming into at the moment, shares of the chipmaking tools companies firm had gained 22.8% up to now month. In that very same time, the Pc and Know-how sector gained 2.06%, whereas the S&P 500 misplaced 0.12%.
Wall Avenue will probably be on the lookout for positivity from UCTT because it approaches its subsequent earnings report date. The corporate is predicted to report EPS of $0.95, up 26.67% from the prior-year quarter. In the meantime, the Zacks Consensus Estimate for income is projecting web gross sales of $507.61 million, up 47.23% from the year-ago interval.
UCTT’s full-year Zacks Consensus Estimates are calling for earnings of $3.86 per share and income of $2 billion. These outcomes would characterize year-over-year modifications of +37.86% and +42.87%, respectively.
Buyers must also observe any latest modifications to analyst estimates for UCTT. These revisions usually replicate the most recent short-term enterprise tendencies, which may change often. Because of this, we are able to interpret constructive estimate revisions as a superb signal for the corporate’s enterprise outlook.
Analysis signifies that these estimate revisions are instantly correlated with near-term share value momentum. To profit from this, now we have developed the Zacks Rank, a proprietary mannequin which takes these estimate modifications under consideration and supplies an actionable ranking system.
Starting from #1 (Robust Purchase) to #5 (Robust Promote), the Zacks Rank system has a confirmed, outside-audited observe document of outperformance, with #1 shares returning a median of +25% yearly since 1988. Throughout the previous 30 days, our consensus EPS projection remained stagnant. UCTT presently has a Zacks Rank of #2 (Purchase).
Digging into valuation, UCTT presently has a Ahead P/E ratio of 14.41. For comparability, its trade has a median Ahead P/E of 18.2, which implies UCTT is buying and selling at a reduction to the group.
Additionally, we should always point out that UCTT has a PEG ratio of 1.8. This in style 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 development charge. UCTT’s trade had a median PEG ratio of 1.12 as of yesterday’s shut.
The Electronics – Manufacturing Equipment trade is a part of the Pc and Know-how sector. This trade presently has a Zacks Business Rank of 39, which places it within the high 16% of all 250+ industries.
The Zacks Business Rank contains is listed so as from greatest to worst when it comes to the common Zacks Rank of the person corporations inside every of those sectors. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
To comply with UCTT within the coming buying and selling classes, be sure you make the most of Zacks.com.
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Extremely Clear Holdings, Inc. (UCTT): Free Inventory Evaluation Report
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