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KLA (KLAC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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KLA (KLAC - Free Report) reported $2.4 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 12%. EPS of $5.74 for the same period compares to $7.06 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.36 billion, representing a surprise of +1.53%. The company delivered an EPS surprise of +6.49%, with the consensus EPS estimate being $5.39.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how KLA performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Semiconductor Process Control: $2.14 billion compared to the $2.08 billion average estimate based on three analysts. The reported number represents a change of -10.9% year over year.
Revenues- Specialty Semiconductor Process: $126.72 million compared to the $126.44 million average estimate based on three analysts. The reported number represents a change of -0.9% year over year.
Revenues- Service: $560.29 million versus $537.44 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6% change.
Revenues- Product: $1.84 billion versus the three-analyst average estimate of $1.82 billion. The reported number represents a year-over-year change of -16.4%.
Revenues- PCB, Display and Component Inspection: $136.04 million compared to the $146.30 million average estimate based on three analysts. The reported number represents a change of -32.2% year over year.
Shares of KLA have returned +5.6% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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KLA (KLAC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
KLA (KLAC - Free Report) reported $2.4 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 12%. EPS of $5.74 for the same period compares to $7.06 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.36 billion, representing a surprise of +1.53%. The company delivered an EPS surprise of +6.49%, with the consensus EPS estimate being $5.39.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how KLA performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Semiconductor Process Control: $2.14 billion compared to the $2.08 billion average estimate based on three analysts. The reported number represents a change of -10.9% year over year.
- Revenues- Specialty Semiconductor Process: $126.72 million compared to the $126.44 million average estimate based on three analysts. The reported number represents a change of -0.9% year over year.
- Revenues- Service: $560.29 million versus $537.44 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6% change.
- Revenues- Product: $1.84 billion versus the three-analyst average estimate of $1.82 billion. The reported number represents a year-over-year change of -16.4%.
- Revenues- PCB, Display and Component Inspection: $136.04 million compared to the $146.30 million average estimate based on three analysts. The reported number represents a change of -32.2% year over year.
View all Key Company Metrics for KLA here>>>Shares of KLA have returned +5.6% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.