In the newest buying and selling session, Kulicke and Soffa (KLIC) closed at $54.58, marking a +0.26% transfer from the day past. The inventory lagged the S&P 500’s each day achieve of 1.02%.
Previous to as we speak’s buying and selling, shares of the semiconductor gear maker had misplaced 7.95% over the previous month. This has lagged the Pc and Expertise sector’s achieve of 1.36% and the S&P 500’s achieve of three.01% in that point.
Wall Avenue can be searching for positivity from KLIC because it approaches its subsequent earnings report date. That is anticipated to be August 4, 2021. On that day, KLIC is projected to report earnings of $1.36 per share, which might signify year-over-year progress of 547.62%. Our most up-to-date consensus estimate is asking for quarterly income of $400 million, up 165.87% from the year-ago interval.
KLIC’s full-year Zacks Consensus Estimates are calling for earnings of $4.70 per share and income of $1.35 billion. These outcomes would signify year-over-year modifications of +394.74% and +116.63%, respectively.
Any latest modifications to analyst estimates for KLIC also needs to be famous by buyers. These revisions usually replicate the newest short-term enterprise tendencies, which might change ceaselessly. Because of this, we will interpret constructive estimate revisions as a superb signal for the corporate’s enterprise outlook.
Analysis signifies that these estimate revisions are immediately correlated with near-term share value momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate modifications under consideration and delivers a transparent, actionable ranking mannequin.
Starting from #1 (Sturdy Purchase) to #5 (Sturdy 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. Over the previous month, the Zacks Consensus EPS estimate remained stagnant. KLIC is presently sporting a Zacks Rank of #3 (Maintain).
Buyers also needs to observe KLIC’s present valuation metrics, together with its Ahead P/E ratio of 11.58. This valuation marks a reduction in comparison with its business’s common Ahead P/E of 16.36.
The Electronics – Manufacturing Equipment business is a part of the Pc and Expertise sector. This group has a Zacks Trade Rank of 110, placing it within the high 44% of all 250+ industries.
The Zacks Trade Rank gauges the energy of our business teams by measuring the typical 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.
To comply with KLIC within the coming buying and selling periods, you should definitely make the most of Zacks.com.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.