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KLA (KLAC) Stock Moves 2.36%: What You Should Know
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KLA (KLAC - Free Report) closed the most recent trading day at $188.32, moving +2.36% from the previous trading session. Meanwhile, the Dow experienced a drop of 0.36%, and the technology-dominated Nasdaq saw an increase of 0.45%.
Shares of the maker of equipment for manufacturing semiconductors witnessed a gain of 1.32% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 6.18%, and outperforming the S&P 500's gain of 1.27%.
Analysts and investors alike will be keeping a close eye on the performance of KLA in its upcoming earnings disclosure. The company is expected to report EPS of $1.17, up 32.95% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $4.03 billion, indicating a 25.42% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.43 per share and a revenue of $17.85 billion, representing changes of +44.41% and +31.46%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for KLA. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, KLA is carrying a Zacks Rank of #2 (Buy).
From a valuation perspective, KLA is currently exchanging hands at a Forward P/E ratio of 33.91. This represents a premium compared to its industry average Forward P/E of 20.37.
We can also see that KLAC currently has a PEG ratio of 1.63. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Electronics - Miscellaneous Products stocks are, on average, holding a PEG ratio of 1.37 based on yesterday's closing prices.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 47, this industry ranks in the top 20% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.
View the Zacks #1 Rank List
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KLA (KLAC) Stock Moves 2.36%: What You Should Know
KLA (KLAC - Free Report) closed the most recent trading day at $188.32, moving +2.36% from the previous trading session. Meanwhile, the Dow experienced a drop of 0.36%, and the technology-dominated Nasdaq saw an increase of 0.45%.
Shares of the maker of equipment for manufacturing semiconductors witnessed a gain of 1.32% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 6.18%, and outperforming the S&P 500's gain of 1.27%.
Analysts and investors alike will be keeping a close eye on the performance of KLA in its upcoming earnings disclosure. The company is expected to report EPS of $1.17, up 32.95% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $4.03 billion, indicating a 25.42% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.43 per share and a revenue of $17.85 billion, representing changes of +44.41% and +31.46%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for KLA. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, KLA is carrying a Zacks Rank of #2 (Buy).
From a valuation perspective, KLA is currently exchanging hands at a Forward P/E ratio of 33.91. This represents a premium compared to its industry average Forward P/E of 20.37.
We can also see that KLAC currently has a PEG ratio of 1.63. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Electronics - Miscellaneous Products stocks are, on average, holding a PEG ratio of 1.37 based on yesterday's closing prices.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 47, this industry ranks in the top 20% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.