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KLA (KLAC) Ascends But Remains Behind Market: Some Facts to Note
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The most recent trading session ended with KLA (KLAC - Free Report) standing at $708.84, reflecting a +1.38% shift from the previouse trading day's closing. The stock lagged the S&P 500's daily gain of 1.59%. Meanwhile, the Dow experienced a rise of 1.39%, and the technology-dominated Nasdaq saw an increase of 1.63%.
The the stock of maker of equipment for manufacturing semiconductors has fallen by 5.83% in the past month, lagging the Computer and Technology sector's loss of 3.43% and the S&P 500's loss of 2.42%.
Investors will be eagerly watching for the performance of KLA in its upcoming earnings disclosure. The company is predicted to post an EPS of $8.07, indicating a 53.42% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $3.01 billion, showing a 27.4% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $31.59 per share and a revenue of $11.91 billion, indicating changes of +33.07% and +21.35%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for KLA. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.1% higher. As of now, KLA holds a Zacks Rank of #2 (Buy).
Looking at valuation, KLA is presently trading at a Forward P/E ratio of 22.13. This valuation marks a premium compared to its industry's average Forward P/E of 19.49.
Also, we should mention that KLAC has a PEG ratio of 1.42. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Electronics - Miscellaneous Products industry held an average PEG ratio of 1.42.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 158, this industry ranks in the bottom 38% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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KLA (KLAC) Ascends But Remains Behind Market: Some Facts to Note
The most recent trading session ended with KLA (KLAC - Free Report) standing at $708.84, reflecting a +1.38% shift from the previouse trading day's closing. The stock lagged the S&P 500's daily gain of 1.59%. Meanwhile, the Dow experienced a rise of 1.39%, and the technology-dominated Nasdaq saw an increase of 1.63%.
The the stock of maker of equipment for manufacturing semiconductors has fallen by 5.83% in the past month, lagging the Computer and Technology sector's loss of 3.43% and the S&P 500's loss of 2.42%.
Investors will be eagerly watching for the performance of KLA in its upcoming earnings disclosure. The company is predicted to post an EPS of $8.07, indicating a 53.42% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $3.01 billion, showing a 27.4% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $31.59 per share and a revenue of $11.91 billion, indicating changes of +33.07% and +21.35%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for KLA. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.1% higher. As of now, KLA holds a Zacks Rank of #2 (Buy).
Looking at valuation, KLA is presently trading at a Forward P/E ratio of 22.13. This valuation marks a premium compared to its industry's average Forward P/E of 19.49.
Also, we should mention that KLAC has a PEG ratio of 1.42. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Electronics - Miscellaneous Products industry held an average PEG ratio of 1.42.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 158, this industry ranks in the bottom 38% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.