We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
KLA (KLAC - Free Report) closed at $295.56 in the latest trading session, marking a -0.24% move from the prior day. This change lagged the S&P 500's 0.16% gain on the day. At the same time, the Dow lost 0.42%, and the tech-heavy Nasdaq gained 0.17%.
Heading into today, shares of the maker of equipment for manufacturing semiconductors had lost 18.27% over the past month, lagging the Computer and Technology sector's loss of 8.85% and the S&P 500's loss of 6.79% in that time.
Wall Street will be looking for positivity from KLA as it approaches its next earnings report date. On that day, KLA is projected to report earnings of $5.46 per share, which would represent year-over-year growth of 23.25%. Our most recent consensus estimate is calling for quarterly revenue of $2.42 billion, up 25.69% from the year-ago period.
Investors might also notice recent changes to analyst estimates for KLA. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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 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 past month, the Zacks Consensus EPS estimate has moved 1.34% lower. KLA is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that KLA has a Forward P/E ratio of 12.22 right now. For comparison, its industry has an average Forward P/E of 12.22, which means KLA is trading at a no noticeable deviation to the group.
Meanwhile, KLAC's PEG ratio is currently 0.72. 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 - Miscellaneous Products was holding an average PEG ratio of 1.73 at yesterday's closing price.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 138, which puts it in the bottom 46% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
KLA (KLAC) Stock Sinks As Market Gains: What You Should Know
KLA (KLAC - Free Report) closed at $295.56 in the latest trading session, marking a -0.24% move from the prior day. This change lagged the S&P 500's 0.16% gain on the day. At the same time, the Dow lost 0.42%, and the tech-heavy Nasdaq gained 0.17%.
Heading into today, shares of the maker of equipment for manufacturing semiconductors had lost 18.27% over the past month, lagging the Computer and Technology sector's loss of 8.85% and the S&P 500's loss of 6.79% in that time.
Wall Street will be looking for positivity from KLA as it approaches its next earnings report date. On that day, KLA is projected to report earnings of $5.46 per share, which would represent year-over-year growth of 23.25%. Our most recent consensus estimate is calling for quarterly revenue of $2.42 billion, up 25.69% from the year-ago period.
Investors might also notice recent changes to analyst estimates for KLA. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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 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 past month, the Zacks Consensus EPS estimate has moved 1.34% lower. KLA is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that KLA has a Forward P/E ratio of 12.22 right now. For comparison, its industry has an average Forward P/E of 12.22, which means KLA is trading at a no noticeable deviation to the group.
Meanwhile, KLAC's PEG ratio is currently 0.72. 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 - Miscellaneous Products was holding an average PEG ratio of 1.73 at yesterday's closing price.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 138, which puts it in the bottom 46% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.