From Nasdaq:



KLA (KLAC) stock closed at $582.65, up 0.38% from the previous day, outperforming the S&P 500. The company is expected to report earnings of $5.87 per share, down 20.46% from the previous year. Analysts estimate quarterly revenue of $2.46 billion, a 17.72% decrease. The Zacks Rank for KLA is currently #2 (Buy), and the stock has a Forward P/E ratio of 24.87, higher than the industry average. KLA has a PEG ratio of 3.66, compared to the industry average of 2.29. The Electronics – Miscellaneous Products industry, to which KLA belongs, has a Zacks Industry Rank of 157, which puts it in the bottom 38% of all industries. Investors are advised to monitor stock-influencing metrics and more through Zacks.com. The article also promotes Zacks’ Top 10 Stocks for 2024, which will be released on January 2.



Original: KLA (KLAC) Laps the Stock Market: Here’s Why