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Kulicke and Soffa (KLIC) Stock Sinks As Market Gains: What You Should Know

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Kulicke and Soffa (KLIC - Free Report) closed the most recent trading day at $53.30, moving -1.68% from the previous trading session. This move lagged the S&P 500's daily gain of 0.12%.

Prior to today's trading, shares of the semiconductor equipment maker had lost 4.17% over the past month. This has lagged the Computer and Technology sector's gain of 4.26% and the S&P 500's gain of 3% in that time.

Wall Street will be looking for positivity from KLIC as it approaches its next earnings report date. On that day, KLIC is projected to report earnings of $1.36 per share, which would represent year-over-year growth of 547.62%. Meanwhile, our latest consensus estimate is calling for revenue of $400 million, up 165.87% from the prior-year quarter.

KLIC's full-year Zacks Consensus Estimates are calling for earnings of $4.70 per share and revenue of $1.35 billion. These results would represent year-over-year changes of +394.74% and +116.63%, respectively.

Investors should also note any recent changes to analyst estimates for KLIC. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. KLIC currently has a Zacks Rank of #3 (Hold).

In terms of valuation, KLIC is currently trading at a Forward P/E ratio of 11.53. This represents a discount compared to its industry's average Forward P/E of 16.73.

The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 104, which puts it in the top 41% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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