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Can Kulicke and Soffa Industries (KLIC) Run Higher on Strong Earnings Estimate Revisions? May 26, 2016
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Kulicke and Soffa Industries, Inc. (KLIC - Free Report) is a designer, manufacturer and seller of semiconductor assembly equipments that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on KLIC’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Kulicke and Soffa Industriescould be a solid choice for investors.
Current Quarter Estimates for KLIC
In the past 30 days, 2 estimates have gone higher for Kulicke and Soffa Industrieswhile none has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 15 cents a share 30 days ago, to 38 cents today, a significant move.
Current Year Estimates for KLIC
Meanwhile, Kulicke and Soffa Industries’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 44 cents per share 30 days ago to 73 cents per share today, an increase of 65.9%.
Bottom Line
The stock has also started to move higher lately, adding 10.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.
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Kulicke and Soffa Industries, Inc. (KLIC - Free Report) is a designer, manufacturer and seller of semiconductor assembly equipments that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on KLIC’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Kulicke and Soffa Industriescould be a solid choice for investors.
Current Quarter Estimates for KLIC
In the past 30 days, 2 estimates have gone higher for Kulicke and Soffa Industrieswhile none has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 15 cents a share 30 days ago, to 38 cents today, a significant move.
Current Year Estimates for KLIC
Meanwhile, Kulicke and Soffa Industries’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 44 cents per share 30 days ago to 73 cents per share today, an increase of 65.9%.
Bottom Line
The stock has also started to move higher lately, adding 10.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.
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 >>