Ultra Clear Holdings (UCTT) closed at $51.98 within the newest buying and selling session, marking a +0.91% transfer from the prior day. This transfer outpaced the S&P 500’s every day lack of 0.11%.
Previous to immediately’s buying and selling, shares of the chipmaking gear providers firm had misplaced 3.34% over the previous month. This has lagged the Laptop and Know-how sector’s acquire of seven.15% and the S&P 500’s acquire of two.23% in that point.
Wall Avenue might be on the lookout for positivity from UCTT because it approaches its subsequent earnings report date. On that day, UCTT is projected to report earnings of $0.95 per share, which might signify year-over-year development of 26.67%. 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 signify year-over-year adjustments of +37.86% and +42.87%, respectively.
Additionally it is essential to notice the latest adjustments to analyst estimates for UCTT. These revisions assist to indicate the ever-changing nature of near-term enterprise traits. Because of this, we are able to interpret constructive estimate revisions as signal for the corporate’s enterprise outlook.
Primarily based on our analysis, we imagine these estimate revisions are immediately associated to near-team inventory strikes. To learn from this, we now have developed the Zacks Rank, a proprietary mannequin which takes these estimate adjustments into consideration and offers an actionable ranking 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 remained stagnant. UCTT is at the moment a Zacks Rank #2 (Purchase).
Taking a look at its valuation, UCTT is holding a Ahead P/E ratio of 13.35. This valuation marks a reduction in comparison with its business’s common Ahead P/E of 18.23.
Additionally, we should always point out that UCTT has a PEG ratio of 1.67. The PEG ratio is just like the widely-used P/E ratio, however this metric additionally takes the corporate’s anticipated earnings development charge into consideration. UCTT’s business had a mean PEG ratio of 1.03 as of yesterday’s shut.
The Electronics – Manufacturing Equipment business is a part of the Laptop and Know-how sector. This group has a Zacks Business Rank of 59, placing it within the prime 24% 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 reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
You could find extra data on all of those metrics, and far more, on Zacks.com.
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Extremely Clear Holdings, Inc. (UCTT): Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.