We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Diodes Incorporated (DIOD - Free Report) is a Zacks Rank #1 (Strong Buy) that sports an D for Value and B for Growth. DIODL is the business of semiconductor products for the automotive and industrial sectors. The company just reported earnings lastweek, so let’s take a deeper look at this stock in this Bull of the Day article.
Description
Diodes Incorporated is a leading manufacturer and supplier of high-quality discrete and analog semiconductor products, primarily to the communications, computing, industrial, consumer electronics and automotive markets.
Earnings History
When I look at a stock, the first thing I do is look to see if the company is beating the number. This tells me right away where the market’s expectations have been for the company and how management has communicated to the market. A stock that consistently beats has management communicating expectations to Wall Street that can be achieved. That is what you want to see.
For DIOD, I see a good history of beating the Zacks Consensus Estimate. There are four beats over the last four quarters.
The average positive earnings surprise over the last fours quarters works out to be 10%, so the beats are pretty small.
Earnings Estimates Revisions
The Zacks Rank tells us which stocks are seeing earnings estimates move higher. For DIOD, I see estimates moving higher.
Over the last 90 days, I see a few increases.
This quarter has moved from $1.17 to $1.43.
Next quarter is at $1.35 and that is up from $1.14.
The full year 2021 is up from $4.76 to $4.94.
Next year has seen an increase from $5.52 to $5.83.
Positive movement in earnings estimates like that is why this stock is a Zacks Rank #1 (Strong Buy).
Valuation
The forward earnings multiple of 21x is pretty low considering the solid 52% year over year growth that was posted in the most recent quarter. A 4x price to book multiple is very low for a name like this as is the 2.8x price to sales multiple. I see margins moving in the right direction and when that is coupled with solid revenue growth you will get higher earnings. The higher the earnings go, the bigger the multiple.
Chart
Diodes Incorporated Price, Consensus and EPS Surprise
Image: Bigstock
Bull Of The Day: Diodes Inc (DIOD)
Diodes Incorporated (DIOD - Free Report) is a Zacks Rank #1 (Strong Buy) that sports an D for Value and B for Growth. DIODL is the business of semiconductor products for the automotive and industrial sectors. The company just reported earnings lastweek, so let’s take a deeper look at this stock in this Bull of the Day article.
Description
Diodes Incorporated is a leading manufacturer and supplier of high-quality discrete and analog semiconductor products, primarily to the communications, computing, industrial, consumer electronics and automotive markets.
Earnings History
When I look at a stock, the first thing I do is look to see if the company is beating the number. This tells me right away where the market’s expectations have been for the company and how management has communicated to the market. A stock that consistently beats has management communicating expectations to Wall Street that can be achieved. That is what you want to see.
For DIOD, I see a good history of beating the Zacks Consensus Estimate. There are four beats over the last four quarters.
The average positive earnings surprise over the last fours quarters works out to be 10%, so the beats are pretty small.
Earnings Estimates Revisions
The Zacks Rank tells us which stocks are seeing earnings estimates move higher. For DIOD, I see estimates moving higher.
Over the last 90 days, I see a few increases.
This quarter has moved from $1.17 to $1.43.
Next quarter is at $1.35 and that is up from $1.14.
The full year 2021 is up from $4.76 to $4.94.
Next year has seen an increase from $5.52 to $5.83.
Positive movement in earnings estimates like that is why this stock is a Zacks Rank #1 (Strong Buy).
Valuation
The forward earnings multiple of 21x is pretty low considering the solid 52% year over year growth that was posted in the most recent quarter. A 4x price to book multiple is very low for a name like this as is the 2.8x price to sales multiple. I see margins moving in the right direction and when that is coupled with solid revenue growth you will get higher earnings. The higher the earnings go, the bigger the multiple.
Chart
Diodes Incorporated Price, Consensus and EPS Surprise
Diodes Incorporated price-consensus-eps-surprise-chart | Diodes Incorporated Quote