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

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Kulicke and Soffa (KLIC - Free Report) closed the most recent trading day at $60.22, moving +1.48% from the previous trading session. This move outpaced the S&P 500's daily gain of 1.24%. At the same time, the Dow added 1.23%, and the tech-heavy Nasdaq gained 0.15%.

Heading into today, shares of the semiconductor equipment maker had gained 9.22% over the past month, outpacing the Computer and Technology sector's loss of 5.9% and the S&P 500's loss of 2.45% in that time.

Kulicke and Soffa will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.47, up 16.67% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $380 million, up 11.71% from the year-ago period.

KLIC's full-year Zacks Consensus Estimates are calling for earnings of $6.47 per share and revenue of $1.62 billion. These results would represent year-over-year changes of +5.37% and +6.6%, respectively.

Any recent changes to analyst estimates for Kulicke and Soffa should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

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. The Zacks Consensus EPS estimate remained stagnant within the past month. Kulicke and Soffa currently has a Zacks Rank of #3 (Hold).

Digging into valuation, Kulicke and Soffa currently has a Forward P/E ratio of 9.17. This represents a discount compared to its industry's average Forward P/E of 13.18.

The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 77, which puts it in the top 31% 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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