Semiconductor production equipment company Kulicke & Soffa (NASDAQ: KLIC) will be reporting earnings this Wednesday after the bell. Here’s what to look for.
Kulicke and Soffa beat analysts’ revenue expectations last quarter, reporting revenues of $199.6 million, up 20.2% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.
Is Kulicke and Soffa a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Kulicke and Soffa’s revenue to grow 42% year on year, a reversal from the 5.9% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Kulicke and Soffa rarely misses Wall Street’s revenue estimates.
Looking at Kulicke and Soffa’s peers in the semiconductor manufacturing segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Teradyne delivered year-on-year revenue growth of 87%, beating analysts’ expectations by 5.6%, and FormFactor reported revenues up 32%, in line with consensus estimates. Teradyne traded down 19.4% following the results while FormFactor’s stock price was unchanged.
Read our full analysis of Teradyne’s results here and FormFactor’s results here.
There has been positive sentiment among investors in the semiconductor manufacturing segment, with share prices up 33.8% on average over the last month. Kulicke and Soffa is up 31.9% during the same time and is heading into earnings with an average analyst price target of $71.67 (compared to the current share price of $87.85).
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