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KLA (KLAC - Free Report) closed the latest trading day at $713.46, indicating a +0.5% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.45%. Elsewhere, the Dow lost 0.23%, while the tech-heavy Nasdaq added 0.84%.
The maker of equipment for manufacturing semiconductors's stock has dropped by 6.29% in the past month, falling short of the Computer and Technology sector's loss of 0.98% and the S&P 500's gain of 2.54%.
The investment community will be closely monitoring the performance of KLA in its forthcoming earnings report. The company is forecasted to report an EPS of $7.02, showcasing a 22.3% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $2.76 billion, indicating a 14.98% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $29.09 per share and a revenue of $11.52 billion, signifying shifts of +22.54% and +17.39%, respectively, from the last year.
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 reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, KLA is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, KLA is presently being traded at a Forward P/E ratio of 24.4. This indicates a premium in contrast to its industry's Forward P/E of 19.69.
Also, we should mention that KLAC has a PEG ratio of 1.41. 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 2.11 based on yesterday's closing prices.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 147, placing it within the bottom 42% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Why KLA (KLAC) Outpaced the Stock Market Today
KLA (KLAC - Free Report) closed the latest trading day at $713.46, indicating a +0.5% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.45%. Elsewhere, the Dow lost 0.23%, while the tech-heavy Nasdaq added 0.84%.
The maker of equipment for manufacturing semiconductors's stock has dropped by 6.29% in the past month, falling short of the Computer and Technology sector's loss of 0.98% and the S&P 500's gain of 2.54%.
The investment community will be closely monitoring the performance of KLA in its forthcoming earnings report. The company is forecasted to report an EPS of $7.02, showcasing a 22.3% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $2.76 billion, indicating a 14.98% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $29.09 per share and a revenue of $11.52 billion, signifying shifts of +22.54% and +17.39%, respectively, from the last year.
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 reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, KLA is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, KLA is presently being traded at a Forward P/E ratio of 24.4. This indicates a premium in contrast to its industry's Forward P/E of 19.69.
Also, we should mention that KLAC has a PEG ratio of 1.41. 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 2.11 based on yesterday's closing prices.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 147, placing it within the bottom 42% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.