From Nasdaq: 2024-06-21 18:15:22

KLA (KLAC) closed at $816.55, down 1.57% from the previous day, lagging behind the S&P 500. Over the last month, the stock has risen by 8.43%, outperforming the sector and S&P 500. Analysts expect EPS of $6.08 and revenue of $2.5 billion in the upcoming financial results release.

Recent analyst revisions reflect optimism about KLA’s business and profitability, correlating with the stock price performance. The Zacks Rank model shows a quantifiable rating system based on estimate changes. KLA currently holds a Zacks Rank #3 (Hold) with a Forward P/E ratio of 35.6, indicating a premium valuation compared to the industry average.

The Computer and Technology sector’s industry rank for Electronics – Miscellaneous Products is presently at 191, placing it in the bottom 25% of industries. The Zacks Industry Rank reflects the strength of individual industry groups, with the top 50% rated industries outperforming the bottom half by a 2 to 1 ratio. Stay updated with Zacks.com for comprehensive stock metrics.

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Read more at Nasdaq: KLA (KLAC) Falls More Steeply Than Broader Market: What Investors Need to Know