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Kulicke and Soffa (KLIC) closed at $54.64 in the latest trading session, marking a +1.75% move from the prior day. This move outpaced the S&P 500's daily gain of 0.42%.
Prior to today's trading, shares of the semiconductor equipment maker had lost 12.26% over the past month. This has lagged the Computer and Technology sector's gain of 2.29% and the S&P 500's gain of 2.64% in that time.
KLIC will be looking to display strength as it nears its next earnings release, which is expected to be August 4, 2021. In that report, analysts expect KLIC to post earnings of $1.36 per share. This would mark year-over-year growth of 547.62%. Meanwhile, our latest consensus estimate is calling for revenue of $400 million, up 165.87% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.70 per share and revenue of $1.35 billion, which would represent changes of +394.74% and +116.63%, respectively, from the prior year.
Any recent changes to analyst estimates for KLIC should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. KLIC is currently a Zacks Rank #3 (Hold).
In terms of valuation, KLIC is currently trading at a Forward P/E ratio of 11.43. This represents a discount compared to its industry's average Forward P/E of 15.77.
The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 66, putting it in the top 26% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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 KLIC in the coming trading sessions, be sure to utilize Zacks.com.
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Kulicke and Soffa Industries, Inc. (KLIC) : Free Stock Analysis Report
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