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For the fiscal second quarter, KLAC expects revenues to be $2.45 billion, plus/minus $125 million. The Zacks Consensus Estimate for revenues is pegged at $2.46 billion, indicating a decrease of 17.72% from the year-ago fiscal quarter’s reported figure.
KLA expects non-GAAP earnings of $5.86 per share, plus/minus 60 cents. The consensus mark for earnings is pegged at $5.87 per share, unchanged over the past 30 days, indicating a decline of 20.46% from the previous-year fiscal quarter’s reported figure.
KLAC’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average being 6.59%.
Let’s see how things have shaped up for the upcoming announcement:
Factors to Consider
KLA’s fiscal second-quarter results are expected to benefit from the strong performance of the wafer inspection business, owing to rising demand for advanced wafer inspection applications in leading-edge technology development.
Growing investments across multiple nodes and rising capital intensity in Foundry & Logic are expected to have aided the top-line growth.
However, weakness in the PCB, Display and Component Inspection has been a headwind. Softness in memory and leading-edge, logic and foundry investments have also been a concern. This is expected to have hurt fiscal second-quarter results.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
KLA has an Earnings ESP of 0.00% and carries a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
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KLA (KLAC) Set to Report Q2 Earnings: What's in the Cards?
KLA Corporation (KLAC - Free Report) is scheduled to report its second-quarter fiscal 2024 results on Jan 25.
For the fiscal second quarter, KLAC expects revenues to be $2.45 billion, plus/minus $125 million. The Zacks Consensus Estimate for revenues is pegged at $2.46 billion, indicating a decrease of 17.72% from the year-ago fiscal quarter’s reported figure.
KLA expects non-GAAP earnings of $5.86 per share, plus/minus 60 cents. The consensus mark for earnings is pegged at $5.87 per share, unchanged over the past 30 days, indicating a decline of 20.46% from the previous-year fiscal quarter’s reported figure.
KLAC’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average being 6.59%.
KLA Corporation Price and EPS Surprise
KLA Corporation price-eps-surprise | KLA Corporation Quote
Let’s see how things have shaped up for the upcoming announcement:
Factors to Consider
KLA’s fiscal second-quarter results are expected to benefit from the strong performance of the wafer inspection business, owing to rising demand for advanced wafer inspection applications in leading-edge technology development.
Growing investments across multiple nodes and rising capital intensity in Foundry & Logic are expected to have aided the top-line growth.
However, weakness in the PCB, Display and Component Inspection has been a headwind. Softness in memory and leading-edge, logic and foundry investments have also been a concern. This is expected to have hurt fiscal second-quarter results.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
KLA has an Earnings ESP of 0.00% and carries a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Apple (AAPL - Free Report) has an Earnings ESP of +2.13% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Apple shares have gained 39.6% in the trailing 12 months. AAPL is set to report its first-quarter fiscal 2024 results on Feb 1.
Amphenol (APH - Free Report) has an Earnings ESP of +1.74% and a Zacks Rank #2.
Amphenol shares have gained 23.7% in the past year. APH is set to report its fourth-quarter 2023 results on Jan 24.
Meta Platforms (META - Free Report) has an Earnings ESP of +1.46% and a Zacks Rank #2.
Meta Platforms shares have jumped 167.6% in the past year. META is set to report its fourth-quarter 2023 results on Feb 1.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.