Ultra Clean Holdings (UCTT - Free Report) closed at $12.75 in the latest trading session, marking a -0.31% move from the prior day. This change was narrower than the S&P 500's 1.32% loss on the day. At the same time, the Dow lost 1.41%, and the tech-heavy Nasdaq lost 1.51%.
Prior to today's trading, shares of the chipmaking equipment services company had gained 1.75% over the past month. This has outpaced the Computer and Technology sector's loss of 7.09% and the S&P 500's loss of 5.09% in that time.
UCTT will be looking to display strength as it nears its next earnings release. In that report, analysts expect UCTT to post earnings of $0.17 per share. This would mark a year-over-year decline of 69.09%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $253.92 million, down 12.5% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.86 per share and revenue of $1.04 billion, which would represent changes of -48.19% and -5.47%, respectively, from the prior year.
Any recent changes to analyst estimates for UCTT should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.15% lower. UCTT is currently a Zacks Rank #3 (Hold).
Investors should also note UCTT's current valuation metrics, including its Forward P/E ratio of 14.94. This valuation marks a discount compared to its industry's average Forward P/E of 20.95.
We can also see that UCTT currently has a PEG ratio of 1.07. 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. UCTT's industry had an average PEG ratio of 2.07 as of yesterday's close.
The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 156, which puts it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.