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Today’s Bull of the Day is in the semiconductor manufacturing business and is coming of a big quarter where it beat EPS consensus estimates and guided higher for the next quarter. MKS Instruments, Inc. (MKSI - Free Report) is a global provider of instruments, subsystems and process control solutions that measure, control, power, monitor and analyze critical parameters of advanced manufacturing processes to improve process performance and productivity.
Earnings last quarter came in at $1.05 per share, 5 cents ahead of consensus. Their recent acquisition of Newport helped to broaden their exposure to high end markets. As part of that Newport deal, the company added two huge clients in (ASML - Free Report) and (KLAC - Free Report) , helping to vastly widen their customer base and limit their dependency on large clients like (AMAT - Free Report) and (LRCX - Free Report) . Margins were a healthy 45.3% last quarter, a bit below consensus but that’s mostly been chalked up to foreign exchange and product mix.
Right now, MKSI is a Zacks Rank #1 (Strong Buy) with a Value Style Score of C, Growth Style Score of B and Momentum Style Score of A for a VGM Composite Score of A. A big reason for the bullish Zacks Rank is the recent earnings estimate revisions to the upside. Five analysts have increased their earnings estimates for the current year, while three have pushed their numbers higher for the current quarter. The bullish sentiment has grown our Zacks Consensus Estimate for the current quarter from 80 cents to $1.06 and increased the current year number from $3.48 to $3.88. The company has strung together 16 quarters in a row of earnings beats.
It should come as no surprise that shares of MKSI have been on a bullish run for quite some time. Since leapfrogging the 50-day moving average in early March 2016, the average has acted as trendline support, with only a few days of MKSI closing below that level. The most recent move below the 50-day was an intraday dip on November 9th, with shares near $50. The stock has continued to break higher, pushing past new 52-week highs with a great degree of regularity. Another big intraday move last week tested the bottom of the mid-January gap up then continued to move higher. With EPS estimates continuing to rise, the stock could keep breaking out over the near future.
Now see our private trades
Today's Bull of the Day is a promising buy that we're sharing with the public. Now would you like to look behind the curtain and view all our private portfolios? Starting today, for the next month, you can follow them in real time from value to momentum . . . from stocks under $10 to ETF and option plays . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even be privy to portfolios so exclusive that they are normally closed to new investors. Click here for all Zacks moves >>
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Bull of the Day: MKS Instruments (MKSI)
Today’s Bull of the Day is in the semiconductor manufacturing business and is coming of a big quarter where it beat EPS consensus estimates and guided higher for the next quarter. MKS Instruments, Inc. (MKSI - Free Report) is a global provider of instruments, subsystems and process control solutions that measure, control, power, monitor and analyze critical parameters of advanced manufacturing processes to improve process performance and productivity.
Earnings last quarter came in at $1.05 per share, 5 cents ahead of consensus. Their recent acquisition of Newport helped to broaden their exposure to high end markets. As part of that Newport deal, the company added two huge clients in (ASML - Free Report) and (KLAC - Free Report) , helping to vastly widen their customer base and limit their dependency on large clients like (AMAT - Free Report) and (LRCX - Free Report) . Margins were a healthy 45.3% last quarter, a bit below consensus but that’s mostly been chalked up to foreign exchange and product mix.
Right now, MKSI is a Zacks Rank #1 (Strong Buy) with a Value Style Score of C, Growth Style Score of B and Momentum Style Score of A for a VGM Composite Score of A. A big reason for the bullish Zacks Rank is the recent earnings estimate revisions to the upside. Five analysts have increased their earnings estimates for the current year, while three have pushed their numbers higher for the current quarter. The bullish sentiment has grown our Zacks Consensus Estimate for the current quarter from 80 cents to $1.06 and increased the current year number from $3.48 to $3.88. The company has strung together 16 quarters in a row of earnings beats.
It should come as no surprise that shares of MKSI have been on a bullish run for quite some time. Since leapfrogging the 50-day moving average in early March 2016, the average has acted as trendline support, with only a few days of MKSI closing below that level. The most recent move below the 50-day was an intraday dip on November 9th, with shares near $50. The stock has continued to break higher, pushing past new 52-week highs with a great degree of regularity. Another big intraday move last week tested the bottom of the mid-January gap up then continued to move higher. With EPS estimates continuing to rise, the stock could keep breaking out over the near future.
Now see our private trades
Today's Bull of the Day is a promising buy that we're sharing with the public. Now would you like to look behind the curtain and view all our private portfolios? Starting today, for the next month, you can follow them in real time from value to momentum . . . from stocks under $10 to ETF and option plays . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even be privy to portfolios so exclusive that they are normally closed to new investors. Click here for all Zacks moves >>