KLA (KLAC) stock drops 1.38% despite market gains, but analysts expect strong upcoming earnings.

From Nasdaq: 2024-05-31 18:00:08

KLA (KLAC) stock closed at $759.53, down 1.38% with the S&P 500 gains. Analysts expect upcoming earnings of $6.08 per share and revenue of $2.5 billion. Zacks Consensus Estimates for the full year are $23.3 EPS and $9.75 billion revenue. KLAC currently holds a Zacks Rank of #3 (Hold).

KLAC’s valuation includes a Forward P/E ratio of 33.05, trading at a premium compared to the industry average of 21.38. With a PEG ratio of 3.68, KLAC exceeds the industry average of 2.45. The Electronics – Miscellaneous Products sector ranks low at 191 out of over 250 in the Zacks Industry Rank.

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Read more at Nasdaq: KLA (KLAC) Stock Drops Despite Market Gains: Important Facts to Note