MKS MKSI shares rallied 13.9% in the last trading session to close at $293.3. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 37.3% loss over the past four weeks.
MKS is seeing rising demand tied to AI-related semiconductor investment and more complex circuit boards.
This maker of analysis and processing equipment for semiconductor companies is expected to post quarterly earnings of $2.93 per share in its upcoming report, which represents a year-over-year change of +65.5%. Revenues are expected to be $1.21 billion, up 24.1% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For MKS, the consensus EPS estimate for the quarter has been revised 0.5% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on MKSI going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
MKS is part of the Zacks Electronics - Miscellaneous Products industry. SiTime SITM, another stock in the same industry, closed the last trading session 14.2% higher at $527.87. SITM has returned -34.3% in the past month.
SiTime's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.93. Compared to the company's year-ago EPS, this represents a change of +310.6%. SiTime currently boasts a Zacks Rank of #3 (Hold).
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Originally published on zacks.com, part of the BLOX Digital Content Exchange.
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