We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
KLA (KLAC) Suffers a Larger Drop Than the General Market: Key Insights
Read MoreHide Full Article
KLA (KLAC - Free Report) ended the recent trading session at $1,243.65, demonstrating a -1.33% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.14%. Meanwhile, the Dow lost 0.2%, and the Nasdaq, a tech-heavy index, lost 0.24%.
The maker of equipment for manufacturing semiconductors's stock has climbed by 8.92% in the past month, exceeding the Computer and Technology sector's gain of 0.2% and the S&P 500's gain of 0.94%.
Investors will be eagerly watching for the performance of KLA in its upcoming earnings disclosure. The company is expected to report EPS of $8.75, up 6.71% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $3.24 billion, indicating a 5.39% growth compared to the corresponding quarter of the prior year.
KLAC's full-year Zacks Consensus Estimates are calling for earnings of $35.44 per share and revenue of $13.04 billion. These results would represent year-over-year changes of +6.49% and +7.31%, respectively.
It is also important to note the recent changes to analyst estimates for KLA. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 shifted 0.1% upward. KLA is holding a Zacks Rank of #2 (Buy) right now.
In the context of valuation, KLA is at present trading with a Forward P/E ratio of 35.57. Its industry sports an average Forward P/E of 24.48, so one might conclude that KLA is trading at a premium comparatively.
It is also worth noting that KLAC currently has a PEG ratio of 3.36. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Miscellaneous Products was holding an average PEG ratio of 1.9 at yesterday's closing price.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 79, this industry ranks in the top 32% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
KLA (KLAC) Suffers a Larger Drop Than the General Market: Key Insights
KLA (KLAC - Free Report) ended the recent trading session at $1,243.65, demonstrating a -1.33% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.14%. Meanwhile, the Dow lost 0.2%, and the Nasdaq, a tech-heavy index, lost 0.24%.
The maker of equipment for manufacturing semiconductors's stock has climbed by 8.92% in the past month, exceeding the Computer and Technology sector's gain of 0.2% and the S&P 500's gain of 0.94%.
Investors will be eagerly watching for the performance of KLA in its upcoming earnings disclosure. The company is expected to report EPS of $8.75, up 6.71% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $3.24 billion, indicating a 5.39% growth compared to the corresponding quarter of the prior year.
KLAC's full-year Zacks Consensus Estimates are calling for earnings of $35.44 per share and revenue of $13.04 billion. These results would represent year-over-year changes of +6.49% and +7.31%, respectively.
It is also important to note the recent changes to analyst estimates for KLA. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 shifted 0.1% upward. KLA is holding a Zacks Rank of #2 (Buy) right now.
In the context of valuation, KLA is at present trading with a Forward P/E ratio of 35.57. Its industry sports an average Forward P/E of 24.48, so one might conclude that KLA is trading at a premium comparatively.
It is also worth noting that KLAC currently has a PEG ratio of 3.36. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Miscellaneous Products was holding an average PEG ratio of 1.9 at yesterday's closing price.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 79, this industry ranks in the top 32% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.