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KLA (KLAC) Advances While Market Declines: Some Information for Investors
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KLA (KLAC - Free Report) ended the recent trading session at $1,098.80, demonstrating a +1.08% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.63%. Meanwhile, the Dow experienced a drop of 0.65%, and the technology-dominated Nasdaq saw a decrease of 0.47%.
Coming into today, shares of the maker of equipment for manufacturing semiconductors had gained 9.81% in the past month. In that same time, the Computer and Technology sector gained 1.9%, while the S&P 500 gained 0.92%.
The investment community will be paying close attention to the earnings performance of KLA in its upcoming release. The company's earnings per share (EPS) are projected to be $8.55, reflecting a 16.64% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $3.16 billion, showing a 11.04% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $34.83 per share and revenue of $12.9 billion, which would represent changes of +4.66% and +6.14%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for KLA. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.33% higher within the past month. KLA presently features a Zacks Rank of #2 (Buy).
In the context of valuation, KLA is at present trading with a Forward P/E ratio of 31.21. This denotes a premium relative to the industry average Forward P/E of 21.31.
We can also see that KLAC currently has a PEG ratio of 3.13. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Electronics - Miscellaneous Products industry was having an average PEG ratio of 2.03.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 54, this industry ranks in the top 22% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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KLA (KLAC) Advances While Market Declines: Some Information for Investors
KLA (KLAC - Free Report) ended the recent trading session at $1,098.80, demonstrating a +1.08% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.63%. Meanwhile, the Dow experienced a drop of 0.65%, and the technology-dominated Nasdaq saw a decrease of 0.47%.
Coming into today, shares of the maker of equipment for manufacturing semiconductors had gained 9.81% in the past month. In that same time, the Computer and Technology sector gained 1.9%, while the S&P 500 gained 0.92%.
The investment community will be paying close attention to the earnings performance of KLA in its upcoming release. The company's earnings per share (EPS) are projected to be $8.55, reflecting a 16.64% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $3.16 billion, showing a 11.04% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $34.83 per share and revenue of $12.9 billion, which would represent changes of +4.66% and +6.14%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for KLA. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.33% higher within the past month. KLA presently features a Zacks Rank of #2 (Buy).
In the context of valuation, KLA is at present trading with a Forward P/E ratio of 31.21. This denotes a premium relative to the industry average Forward P/E of 21.31.
We can also see that KLAC currently has a PEG ratio of 3.13. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Electronics - Miscellaneous Products industry was having an average PEG ratio of 2.03.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 54, this industry ranks in the top 22% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.