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KLA (KLAC) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest close session, KLA (KLAC - Free Report) was up +2.76% at $200.31. The stock's performance was ahead of the S&P 500's daily gain of 0.2%. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.04%.
The stock of maker of equipment for manufacturing semiconductors has risen by 13.16% in the past month, leading the Computer and Technology sector's gain of 4.78% and the S&P 500's loss of 0.35%.
Investors will be eagerly watching for the performance of KLA in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.18, showcasing a 34.09% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $4.04 billion, indicating a 26.02% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.42 per share and revenue of $17.84 billion, indicating changes of +44.15% and +31.35%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for KLA. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, KLA holds a Zacks Rank of #4 (Sell).
Investors should also note KLA's current valuation metrics, including its Forward P/E ratio of 35.99. This signifies a premium in comparison to the average Forward P/E of 20.73 for its industry.
Investors should also note that KLAC has a PEG ratio of 1.73 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Electronics - Miscellaneous Products stocks are, on average, holding a PEG ratio of 1.39 based on yesterday's closing prices.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 69, finds itself in the top 29% echelons of all 250+ industries.
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.
To follow KLAC in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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KLA (KLAC) Surpasses Market Returns: Some Facts Worth Knowing
In the latest close session, KLA (KLAC - Free Report) was up +2.76% at $200.31. The stock's performance was ahead of the S&P 500's daily gain of 0.2%. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.04%.
The stock of maker of equipment for manufacturing semiconductors has risen by 13.16% in the past month, leading the Computer and Technology sector's gain of 4.78% and the S&P 500's loss of 0.35%.
Investors will be eagerly watching for the performance of KLA in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.18, showcasing a 34.09% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $4.04 billion, indicating a 26.02% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.42 per share and revenue of $17.84 billion, indicating changes of +44.15% and +31.35%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for KLA. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, KLA holds a Zacks Rank of #4 (Sell).
Investors should also note KLA's current valuation metrics, including its Forward P/E ratio of 35.99. This signifies a premium in comparison to the average Forward P/E of 20.73 for its industry.
Investors should also note that KLAC has a PEG ratio of 1.73 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Electronics - Miscellaneous Products stocks are, on average, holding a PEG ratio of 1.39 based on yesterday's closing prices.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 69, finds itself in the top 29% echelons of all 250+ industries.
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.
To follow KLAC in the coming trading sessions, be sure to utilize Zacks.com.