Ultra Clear Holdings (UCTT) closed at $46.72 within the newest buying and selling session, marking a +0.34% transfer from the prior day. The inventory outpaced the S&P 500’s every day lack of 0.03%.
Coming into right this moment, shares of the chipmaking gear providers firm had misplaced 2.47% up to now month. In that very same time, the Pc and Know-how sector gained 4.91%, whereas the S&P 500 gained 3.59%.
UCTT will likely be seeking to show power because it nears its subsequent earnings launch. On that day, UCTT is projected to report earnings of $1 per share, which might characterize year-over-year progress of 36.99%. Our most up-to-date consensus estimate is asking for quarterly income of $543.97 million, up 49.74% from the year-ago interval.
UCTT’s full-year Zacks Consensus Estimates are calling for earnings of $3.90 per share and income of $2.03 billion. These outcomes would characterize year-over-year adjustments of +39.29% and +44.92%, respectively.
It’s also vital to notice the current adjustments to analyst estimates for UCTT. Latest revisions are inclined to replicate the most recent near-term enterprise developments. In consequence, we are able to interpret optimistic estimate revisions as an excellent signal for the corporate’s enterprise outlook.
Primarily based on our analysis, we imagine these estimate revisions are instantly 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 score system.
The Zacks Rank system ranges from #1 (Robust Purchase) to #5 (Robust Promote). It has a outstanding, outside-audited observe file of success, with #1 shares delivering a mean annual return of +25% since 1988. Over the previous month, the Zacks Consensus EPS estimate has moved 0.75% increased. UCTT is holding a Zacks Rank of #3 (Maintain) proper now.
Taking a look at its valuation, UCTT is holding a Ahead P/E ratio of 11.94. Its trade sports activities a mean Ahead P/E of 15.56, so we one would possibly conclude that UCTT is buying and selling at a reduction comparatively.
Traders also needs to be aware that UCTT has a PEG ratio of 1.49 proper now. This standard metric is much 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 charge. Electronics – Manufacturing Equipment shares are, on common, holding a PEG ratio of 0.94 based mostly on yesterday’s closing costs.
The Electronics – Manufacturing Equipment trade is a part of the Pc and Know-how sector. This trade at the moment has a Zacks Trade Rank of 48, which places it within the prime 19% of all 250+ industries.
The Zacks Trade Rank gauges the power of our trade teams by measuring the typical Zacks Rank of the person shares throughout the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
To observe UCTT within the coming buying and selling classes, make sure you make the most of Zacks.com.
Tech IPOs With Large Revenue Potential: Final years prime IPOs surged as a lot as 299% throughout the first two months. With file quantities of money flooding into IPOs and a record-setting inventory market, this 12 months could possibly be much more profitable.
See Zacks’ Hottest Tech IPOs Now >>
Click on to get this free report
Extremely Clear Holdings, Inc. (UCTT): Free Inventory Evaluation Report
To learn this text on Zacks.com click on right here.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
www.nasdaq.com