Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on ke ...

ANDOVER, Mass., Nov. 25, 2024 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, announced today that company management will be presenting at the following investor conferences: Wells Fargo TMT Conference on Tuesday, December 3, 2024 at 8:00 am PSTJohn T.C. Lee, President and Chief Executive Office will participate Nasdaq Investor Conference on Tuesday, December 10, 2024 at 11:00 am GMTJohn T.C. Lee, President and Chief Executive O ...

MKS Instruments (MKSI) closed the last trading session at $105.48, gaining 2.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $138.36 indicates a 31.2% upside potential.The mean estimate comprises 11 short-term price targets with a standard deviation of $16.66. While the lowest estimate of $110 indicates a 4.3% increase from the current price level, the most optimistic analyst ex ...

Core Viewpoint - MKS Instruments (MKSI) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Estimate Revisions - The upward trend in earnings estimate revisions for MKS Instruments indicates growing analyst optimism regarding its earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, MKS Instruments is projected to earn $1.83 per share, reflecting a year-over-year increase of +56.41%, with a 34.14% rise in consensus estimates over the last 30 days [4]. - For the full year, the expected earnings per share is $6.22, representing a +40.41% year-over-year change, with a 10.9% increase in consensus estimates due to five upward revisions [5]. Zacks Rank - MKS Instruments currently holds a Zacks Rank 2 (Buy), supported by favorable estimate revisions, indicating a strong potential for outperformance compared to the S&P 500 [6]. - The Zacks Rank system has a proven track record, with Zacks 1 (Strong Buy) stocks averaging a +25% annual return since 2008, and stocks rated 1 and 2 significantly outperforming the S&P 500 [3][6]. Stock Performance - MKS Instruments shares have increased by 8.6% over the past four weeks, suggesting investor confidence in the company's earnings growth prospects [7].

Core Insights - The article emphasizes the importance of value investing, highlighting the strategy of identifying undervalued companies in the market [2] - MKS Instruments (MKSI) is presented as a strong candidate for value investors due to its favorable valuation metrics and earnings outlook [8] Valuation Metrics - MKSI holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [4] - The stock has a P/E ratio of 16.38, which is lower than the industry average of 18.74, suggesting it may be undervalued [4] - MKSI's PEG ratio is 0.64, compared to the industry's average of 0.95, indicating a favorable valuation relative to expected earnings growth [5] - The P/S ratio for MKSI is 2.17, slightly below the industry average of 2.21, reinforcing its attractiveness as a value stock [6] - MKSI's P/CF ratio stands at 3.38, significantly lower than the industry's average of 11.14, suggesting strong cash flow relative to its valuation [7]

Did you analyze how MKS Instruments (MKSI) fared in its international operations for the quarter ending September 2024? Given the widespread global presence of this maker of analysis and processing equipment for semiconductor companies, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its ...

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MKS Instruments (MKSI) reported adjusted earnings of $1.72 per share in third-quarter 2024, up from the year-ago quarter’s earnings of $1.46 per share. The figure beat the Zacks Consensus Estimate by 21.13%.Revenues of $896 million beat the consensus mark by 2.62% but declined 3.9% year over year.Products revenues (86% of total revenues) were $776 million, down 5.1% year over year. The figure beat the Zacks Consensus Estimate by 1.78%.Services revenues (13.4% of total revenues) increased 5.3% year over year ...

MKS Instruments (MKSI) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.42 per share. This compares to earnings of $1.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.13%. A quarter ago, it was expected that this maker of analysis and processing equipment for semiconductor companies would post earnings of $1.02 per share when it actually produced earnings of $1.53, delivering ...

Financial Performance - Quarterly revenue reached $896 million, at the high end of guidance[1] - GAAP net income was $62 million, with net income per share of $0.92[1] - Adjusted EBITDA for the quarter was $232 million, exceeding the high-end of guidance[1] - Total net revenues for Q3 2024 reached $896 million, a 1% increase from $887 million in Q2 2024, but a 4% decrease from $932 million in Q3 2023[11] - Net income for Q3 2024 was $62 million, compared to $23 million in Q2 2024 and a loss of $1,772 million in Q3 2023[11] - Net income for the three months ended September 30, 2024, was $62 million, compared to $39 million for the same period in 2023, representing a 59% increase[13] - Non-GAAP net earnings for the three months ended September 30, 2024, were $116 million, compared to $98 million in the same period last year, reflecting an 18.4% increase[14] - Adjusted EBITDA for the three months ended September 30, 2024, was $232 million, compared to $228 million for the same period last year, indicating a 1.8% increase[15] Cash and Liquidity - Cash and cash equivalents stood at $861 million as of September 30, 2024[8] - Cash and cash equivalents as of September 30, 2024, were $861 million, slightly down from $875 million at the end of 2023[12] - Net cash provided by operating activities was $163 million for the three months ended September 30, 2024, up from $122 million in the previous quarter, indicating a 33.6% increase[14] - Free cash flow for the three months ended September 30, 2024, was $141 million, compared to $96 million in the previous quarter, showing a 47% increase[14] - Total cash and cash equivalents at the end of the period were $861 million, compared to $859 million at the end of the previous quarter, indicating a slight increase[13] Expenses and Costs - Research and development expenses increased to $70 million in Q3 2024 from $66 million in Q2 2024, indicating continued investment in innovation[11] - Operating expenses for the three months ended September 30, 2024, were $304 million, up from $292 million for the same period last year, marking a 4.1% increase[15] - The company incurred $3 million in acquisition and integration costs during the three months ended September 30, 2024[14] - Acquisition and integration costs related to the Atotech acquisition amounted to $6 million[20] - Restructuring and other costs primarily due to severance from global cost-saving initiatives totaled $6 million[20] - A ransomware incident incurred costs of $14 million, primarily for third-party consulting and cybersecurity enhancements[21] Debt and Equity - The company made a voluntary principal prepayment of $216 million in October 2024[1] - Long-term debt increased to $4,758 million as of September 30, 2024, compared to $4,696 million at the end of 2023[12] - Total stockholders' equity decreased to $2,398 million as of September 30, 2024, from $2,472 million at the end of 2023[12] - The company recorded a loss on extinguishment of debt of $5 million for the three months ended September 30, 2024, down from $38 million in the previous quarter[14] - The company recorded a loss on extinguishment of debt of $52 million during the period[18] Profitability Metrics - Gross margin improved to 48.2% in Q3 2024, compared to 45.7% in Q3 2023[7] - Non-GAAP diluted earnings per share was $1.72, up from $1.46 in Q3 2023[7] - Non-GAAP gross margin improved to 48.2% for the three months ended September 30, 2024, compared to 47.3% for the same period in 2023[15] - Non-GAAP income from operations was $195 million for the three months ended September 30, 2024, compared to $192 million for the same period last year, reflecting a 1.6% increase[15] - The company reported a non-GAAP operating margin of 21.8% for the three months ended September 30, 2024, compared to 21.7% for the same period last year[15] Strategic Focus - The integration of Atotech Limited is a key strategic focus for future growth opportunities[9] - The company is focused on maintaining strong profit margins and generating healthy cash flow[1] Impairments and Adjustments - The company experienced a goodwill and intangible asset impairment of $1.827 billion in the previous year, which is a significant factor in the overall financial performance[14] - Goodwill and intangible asset impairments reached $1.827 billion, attributed to softer industry demand in the personal computer and smartphone markets[21] - Non-GAAP adjustments included a tax effect of $69 million, resulting in a difference between GAAP and Non-GAAP tax rates[18] - The effective tax rate for non-GAAP income was 15.1% for the nine months ended September 30, 2024, compared to 20.5% for the same period in 2023[16] - The company recorded an excess and obsolescence inventory charge of $13 million related to a discontinued product line[18] Future Outlook - For Q4 2024, the company expects revenue of $910 million, plus or minus $40 million[2]