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Kulicke and Soffa (KLIC) Outpaces Stock Market Gains: What You Should Know

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Kulicke and Soffa (KLIC) closed at $55.66 in the latest trading session, marking a +0.92% move from the prior day. This change outpaced the S&P 500's 0.48% gain on the day.

Prior to today's trading, shares of the semiconductor equipment maker had lost 16.22% over the past month. This has lagged the Computer and Technology sector's loss of 0.56% and the S&P 500's gain of 3.46% in that time.

KLIC will be looking to display strength as it nears its next earnings release. In that report, analysts expect KLIC to post earnings of $2.04 per share. This would mark year-over-year growth of 603.45%. Our most recent consensus estimate is calling for quarterly revenue of $465.2 million, up 161.8% from the year-ago period.

Investors might also notice recent changes to analyst estimates for KLIC. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. KLIC currently has a Zacks Rank of #3 (Hold).

Looking at its valuation, KLIC is holding a Forward P/E ratio of 10.44. For comparison, its industry has an average Forward P/E of 15.26, which means KLIC is trading at a discount to the group.

The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 39, putting it in the top 16% 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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