KLA Corporation KLAC is all set to disclose its second-quarter fiscal 2024 results on Jan 25.
For the fiscal second quarter, KLAC expects revenues in the range of $2.45 billion, plus/minus $125 million. The Zacks Consensus Estimate for revenues is at $2.46 billion, indicating a decline of 17.72% from the year-ago fiscal quarter’s reported figure.
KLA has predicted non-GAAP earnings of $5.86 per share, plus/minus 60 cents. The consensus mark for earnings is $5.87 per share, which reflects a decrease of 20.46% from the previous year’s figure.
Looking back, KLAC’s earnings have surpassed the Zacks Consensus Estimate in all the trailing four quarters, with an average beat of 6.59%.
KLA Corporation Price and EPS Expectations
See the Price and EPS Surprise Data here
Before we delve into the details of the impending disclosure, let’s consider the factors shaping the outcome, and what our model reveals.
Factors to Take into Account
Fiscal second-quarter results for KLA are expected to be buoyed by the strong performance of the wafer inspection business, nudged by escalating demand for advanced wafer inspection applications in leading-edge technology development.
Moreover, increasing investments across multiple nodes and rising capital intensity in Foundry & Logic are anticipated to have propelled the top-line growth.
On the flip side, weaknesses in the PCB, Display, and Component Inspection have posed challenges. Also, softness in memory and leading-edge, logic, and foundry investments have been a cause for concern, potentially impacting the fiscal second-quarter results.
What the Model Predicts
Per the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) augments the likelihood of an earnings beat. However, in this case, KLA has an Earnings ESP of 0.00% and holds a Zacks Rank #3. Want insights on the best stocks to buy or sell before they’re reported? Check out our Earnings ESP Filter.
Other Companies on the Radar
Here are a few companies worth considering, as our model indicates that they have the right blend of factors to exceed earnings in their upcoming releases:
Apple AAPL impresses with an Earnings ESP of +2.13% and a Zacks Rank #2. The company is scheduled to report its first-quarter fiscal 2024 results on Feb 1.
Amphenol APH also stands out with an Earnings ESP of +1.74% and a Zacks Rank #2. The organization is set to reveal its fourth-quarter 2023 results on Jan 24.
Similarly, Meta Platforms META displays an Earnings ESP of +1.46% and holds a Zacks Rank #2. The company is gearing up to announce its fourth-quarter 2023 results on Feb 1.
Stay updated on the forthcoming earnings announcements with the Zacks Earnings Calendar.
