Earnings Preview: Kulicke & Soffa (KLIC)
Company Overview
Kulicke & Soffa (NASDAQ: KLIC) is a leading semiconductor production equipment manufacturer.
Q4 2023 Earnings Expectations
* Revenue: $165 million (-3.6% YoY)
* Adjusted EPS: $0.28
Analysts' Estimates
* Estimates for revenue and earnings have remained stable in the last 30 days.
Recent Performance
* Kulicke & Soffa missed Wall Street's revenue estimates twice in the past two years.
* The company underperformed its semiconductor manufacturing peers, with a 7.4% decline over the last month.
Industry Outlook
* Some semiconductor manufacturers have reported strong Q4 results, including Teradyne and Lam Research.
* The market has been optimistic due to a soft landing in the economy.
Valuation
* Kulicke & Soffa trades at an average analyst price target of $51.60, compared to its current price of $43.99.
Conclusion
Analysts anticipate a modest revenue decline and earnings per share for Kulicke & Soffa in Q4. The company faces challenges within the semiconductor industry, but its valuation remains attractive.