Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) is projected to declare fiscal first quarter financial results right before the stock market’s official open on February 02, 2017. The stock added about 26.1 percent in price since last results when it was at $14.02 a share. Based on the most relevant past-periods data, there is an 53.57 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 15 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 58.% of the time in its last 12 earnings reports. It fell short of earnings estimates on 5 occasions, and it has met expectations 0 time.
Here’s how traders responded to KLIC earnings announcements over the past few quarters.
Kulicke and Soffa Industries, Inc. (KLIC) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 54.61 percent over the past four quarters. Back on November 15, 2016, it posted earnings per-share earnings at $0.15 which beat the consensus $0.12 projection (positive surprise of25%. For the quarter, revenue came in at 145.84M versus consensus estimate of 140.09M. The stock gained 3.35 percent the session following the earnings reports were released, and on 7th day price change was 8.35 percent.
On August 3, 2016, it reported earnings at $0.45 a share compared with the consensus estimate of $0.38 per share (positive surprise of 18.42%). Revenue of 216.41M for that quarter was above the $200.76M analysts had expected. The stock retreated -4.27% the day following the earnings announcement, and on 7th day price change was 1.77%.
On May 4, 2016, it recorded $0.07 a share in earnings which topped the consensus estimate of $0.04 (positive surprise of 75%). Revenue for the quarter was $156.4M while analysts called for revenues to be $135M. The stock gained 1.61% the day following the earnings data was made public, and on 7th day price change was 3.14%.
On February 3, 2016, it announced earnings per share at $0 versus the consensus estimate of $-0.17 per share (positive surprise of 100%). That came on revenues of $108.53M for that period. Analysts had expected $95.3M in revenue.
Kulicke and Soffa Industries, Inc. Earnings Estimates
As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.16. The analysts’ present consensus range is $0.09-$0.22 for EPS. The market consensus range for revenue is between $140M and $161.9M, with an average of $150.95M.
Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) last ended at $17.58, sending the company’s market cap near $1.25B. The consensus 12-month price target from analysts covering the stock is $17.56. The share price has declined -2.98% from its top level in 52 weeks and dropped 10.22% this year. It recently traded in a range of $17.29-$17.78 at a volume of 535895 shares. The recent trading ended with the price nearly 1.56 higher for the last 5 trading days, rebounding 79.02% from its 52-week low.