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Tale of the Tape

Zacks Equity Research

Can MKS Instruments (MKS) Run Higher on Strong Earnings Estimate Revisions?
November 18, 2016

MKSI

Trades from $3

MKS Instruments, Inc. (MKSI - Free Report) is a gas instrument developer and supplier that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on MKSI’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that MKS Instruments could be a solid choice for investors.

Current Quarter Estimates for MKSI

In the past 30 days, 4 estimates have gone higher for MKS Instruments while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 86 cents a share 30 days ago, to $1.00 today, a move of 16.3%.

Current Year Estimates for MKSI

Meanwhile, MKSI Instruments’ current year figures are also looking quite promising, with 5 estimates moving higher in the past month, while none have gone lower in the same time period. The consensus estimate trend has also seen a boost for this time frame, increasing from $2.65 per share 30 days ago to $2.92 per share today, an increase of 10.2%.  

MKS INSTRUMENTS Price and Consensus

MKS INSTRUMENTS Price and Consensus | MKS INSTRUMENTS Quote

Bottom Line

The stock has also started to move higher lately, adding 12.6%over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

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