Core Insights - MKS reported quarterly earnings of $1.77 per share, exceeding the Zacks Consensus Estimate of $1.61 per share, and up from $1.53 per share a year ago [1][2] - The company achieved revenues of $973 million for the quarter, surpassing the Zacks Consensus Estimate by 4.61% and increasing from $887 million year-over-year [3] Earnings Performance - The earnings surprise for the quarter was +9.94%, following a previous surprise of +20.42% when earnings were $1.71 per share against an expectation of $1.42 [2] - MKS has consistently surpassed consensus EPS estimates over the last four quarters [2] Revenue Performance - MKS has also exceeded consensus revenue estimates in each of the last four quarters [3] - The current consensus EPS estimate for the upcoming quarter is $1.52, with expected revenues of $926.3 million, and for the current fiscal year, the estimate is $6.64 on $3.74 billion in revenues [8] Market Position and Outlook - MKS shares have underperformed the market, losing about 11.9% since the beginning of the year, while the S&P 500 has gained 7.1% [4] - The Zacks Rank for MKS is currently 1 (Strong Buy), indicating expectations for the stock to outperform the market in the near future [7] Industry Context - The Electronics - Miscellaneous Products industry, to which MKS belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, suggesting potential challenges ahead [9] - Another company in the same industry, Universal Electronics, is expected to report earnings soon, with a projected EPS of $0.05, reflecting a year-over-year increase of +155.6% [10]