KLA-Tencor Corporation (NASDAQ:KLAC) is projected to declare fiscal third quarter financial results right before the stock market’s official open on April 27, 2017. The stock added about 12 percent in price since last results when it was at $83.25 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 91% of the time in its last 12 earnings reports. It fell short of earnings estimates on 1 occasions, and it has met expectations 0 time.
Here’s how traders responded to KLAC earnings announcements over the past few quarters.
KLA-Tencor Corporation (KLAC) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 14 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $1.52 which beat the consensus $1.41 projection (positive surprise of7.8%. For the quarter, revenue came in at 876.89M versus consensus estimate of 838.78M. The stock gained 3.5 percent the session following the earnings reports were released, and on 7th day price change was 4.94 percent.
On October 20, 2016, it reported earnings at $1.16 a share compared with the consensus estimate of $1.06 per share (positive surprise of 9.43%). Revenue of 750.67M for that quarter was above the $733.79M analysts had expected. The stock climbed 2.29% the day following the earnings announcement, and on 7th day price change was 3.79%.
On July 28, 2016, it recorded $1.77 a share in earnings which topped the consensus estimate of $1.43 (positive surprise of 23.78%). Revenue for the quarter was $919.17M while analysts called for revenues to be $842.1M. The stock gained 0.58% the day following the earnings data was made public, and on 7th day price change was -1.17%.
On April 26, 2016, it announced earnings per share at $1.15 versus the consensus estimate of $1 per share (positive surprise of 15%). That came on revenues of $712.43M for that period. Analysts had expected $726.18M in revenue.
KLA-Tencor Corporation Earnings Estimates
As Q3 earnings announcement date approaches, Wall Street is expecting earnings per share of $1.37. The analysts’ present consensus range is $1.08-$1.63 for EPS. The market consensus range for revenue is between $772.4M and $915M, with an average of $855.02M.
KLA-Tencor Corporation (NASDAQ:KLAC) last ended at $92.86, sending the company’s market cap near $14.55B. The consensus 12-month price target from analysts covering the stock is $87.33. The share price has declined -0.39% from its top level in 52 weeks and dropped 18.76% this year. It recently traded in a range of $92.41-$93.35 at a volume of 1113696 shares. The recent trading ended with the price nearly 2.25 higher for the last 5 trading days, rebounding 40.86% from its 52-week low.