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Ultra Clean (UCTT) to Report Q2 Earnings: What's in Store?

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Ultra Clean Holdings UCTT is set to report second-quarter 2021 results on Aug 2.

For the quarter, Ultra Clean projects revenues between $490 million and $520 million. Adjusted earnings are estimated between 90 cents and $1.03 per share.

The Zacks Consensus Estimate for quarterly revenues is pegged at $507.6 million, indicating growth of 47.2% from the figure reported in the year-ago quarter.

The consensus mark for first-quarter earnings is pegged at 95 cents per share, unchanged over the past 30 days. The figure indicates a year-over-year surge of 26.7%.

Ultra Clean Holdings, Inc. Price and EPS Surprise

Ultra Clean Holdings, Inc. Price and EPS Surprise
Ultra Clean Holdings, Inc. Price and EPS Surprise

Ultra Clean Holdings, Inc. price-eps-surprise | Ultra Clean Holdings, Inc. Quote

Notably, Ultra Clean’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, delivering an earnings surprise of 26.8%, on average.

Let’s see how things have shaped up for Ultra Clean Holdings prior to this announcement.

Factors to Consider

Ultra Clean’s second-quarter performance is anticipated to have benefited from strong demand for semiconductor products and services, led by solid traction in the semiconductor market.

The company’s robust portfolio of diverse offerings has positioned it well to capitalize on the growing demand for technology that supports 5G wireless, high-performance cloud computing, IoT and AI.

With an increase in wafer fabrication equipment investment, Ultra Clean’s cleaning and analytical services are likely to have become more critical to its integrated device manufacturer and original equipment manufacturer customers to support the production of leading next-gen devices. This is likely to have aided customer acquisition in the to-be-reported quarter.

Ultra Clean’s top line is expected to have benefited from the acquisition of Ham-Let.

Supply chain constraints are expected to have hurt quarterly results.

What Our Model Says

Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.

Ultra Clean has an Earnings ESP of 0.00% and carries a Zacks Rank #3 currently. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Stocks to Consider

Here are a few companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases:

Avnet AVT has an Earnings ESP of +9.82% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

CyberArk Software CYBR has an Earnings ESP of +37.93% and a Zacks Rank #2.

Bruker BRKR has an Earnings ESP of +2.50% and a Zacks Rank #2.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Ultra Clean Holdings, Inc. (UCTT) : Free Stock Analysis Report

Avnet, Inc. (AVT) : Free Stock Analysis Report

Bruker Corporation (BRKR) : Free Stock Analysis Report

CyberArk Software Ltd. (CYBR) : Free Stock Analysis Report

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