KLA (KLAC) Ascends But Remains Behind Market: Some Facts to Note

Company Performance - KLA's stock closed at $708.84, reflecting a +1.38% change from the previous trading day, but lagged behind the S&P 500's gain of 1.59% [1] - The stock has decreased by 5.83% over the past month, underperforming the Computer and Technology sector's loss of 3.43% and the S&P 500's loss of 2.42% [1] Upcoming Earnings - KLA is expected to report an EPS of$ 8.07, indicating a 53.42% growth year-over-year, with revenue projected at $3.01 billion, a 27.4% increase compared to the same quarter last year [2] - For the entire fiscal year, earnings are estimated at$ 31.59 per share and revenue at $11.91 billion, reflecting changes of +33.07% and +21.35% respectively from the previous year [3] Analyst Estimates and Rankings - Recent estimate changes for KLA are seen as a positive indicator of the company's business outlook, with the Zacks Consensus EPS estimate moving 4.1% higher over the past month [5] - KLA currently holds a Zacks Rank of 2 (Buy), indicating a favorable investment outlook [5] Valuation Metrics - KLA is trading at a Forward P/E ratio of 22.13, which is a premium compared to the industry's average Forward P/E of 19.49 [6] - The company has a PEG ratio of 1.42, aligning with the Electronics - Miscellaneous Products industry's average PEG ratio of 1.42 [6] Industry Context - The Electronics - Miscellaneous Products industry, part of the Computer and Technology sector, ranks 158 out of over 250 industries, placing it in the bottom 38% [7] - Historically, the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]