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Ultra Clean Holdings (UCTT) Dips More Than Broader Markets: What You Should Know
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Ultra Clean Holdings (UCTT - Free Report) closed at $42.39 in the latest trading session, marking a -1.58% move from the prior day. This move lagged the S&P 500's daily loss of 1.57%. Meanwhile, the Dow lost 1.56%, and the Nasdaq, a tech-heavy index, lost 0.09%.
Coming into today, shares of the chipmaking equipment services company had lost 5.51% in the past month. In that same time, the Computer and Technology sector gained 4.23%, while the S&P 500 gained 5.37%.
Wall Street will be looking for positivity from Ultra Clean Holdings as it approaches its next earnings report date. The company is expected to report EPS of $1.15, up 25% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $605.47 million, up 44.98% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.03 per share and revenue of $2.48 billion, which would represent changes of +19.76% and +18.01%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Ultra Clean Holdings. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 remained stagnant. Ultra Clean Holdings is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, Ultra Clean Holdings currently has a Forward P/E ratio of 8.57. Its industry sports an average Forward P/E of 13.56, so we one might conclude that Ultra Clean Holdings is trading at a discount comparatively.
We can also see that UCTT currently has a PEG ratio of 1.07. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Manufacturing Machinery was holding an average PEG ratio of 0.68 at yesterday's closing price.
The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 79, which puts it in the top 32% of all 250+ industries.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Ultra Clean Holdings (UCTT) Dips More Than Broader Markets: What You Should Know
Ultra Clean Holdings (UCTT - Free Report) closed at $42.39 in the latest trading session, marking a -1.58% move from the prior day. This move lagged the S&P 500's daily loss of 1.57%. Meanwhile, the Dow lost 1.56%, and the Nasdaq, a tech-heavy index, lost 0.09%.
Coming into today, shares of the chipmaking equipment services company had lost 5.51% in the past month. In that same time, the Computer and Technology sector gained 4.23%, while the S&P 500 gained 5.37%.
Wall Street will be looking for positivity from Ultra Clean Holdings as it approaches its next earnings report date. The company is expected to report EPS of $1.15, up 25% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $605.47 million, up 44.98% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.03 per share and revenue of $2.48 billion, which would represent changes of +19.76% and +18.01%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Ultra Clean Holdings. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 remained stagnant. Ultra Clean Holdings is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, Ultra Clean Holdings currently has a Forward P/E ratio of 8.57. Its industry sports an average Forward P/E of 13.56, so we one might conclude that Ultra Clean Holdings is trading at a discount comparatively.
We can also see that UCTT currently has a PEG ratio of 1.07. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Manufacturing Machinery was holding an average PEG ratio of 0.68 at yesterday's closing price.
The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 79, which puts it in the top 32% of all 250+ industries.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.