KLA-Tencor Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component KLA-Tencor Corp (NASDAQ:KLAC) will unveil its latest earnings on Thursday, October 27, 2011. KLA-Tencor is a company that designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries. Its primary offerings include wafer and integrated circuit defect monitoring.

KLA-Tencor Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.17 per share, a rise of 18.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.10. Between one and three months ago, the average estimate moved up. It has dropped from $1.18 during the last month. Analysts are projecting profit to rise by 19.6% versus last year to $3.95.

Past Earnings Performance: Last quarter, the company beat estimates by 14 cents, coming in at net income of $1.50 a share versus the estimate of profit of $1.36 a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $791.9 million in revenue this quarter, a rise of 16.1% from the year ago quarter. Analysts are forecasting total revenue of $2.85 billion for the year, a decline of 10.4% from last year’s revenue of $3.18 billion.

Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, one rating it as a sell and three rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the fourth quarter of the last fiscal year, profit rose more than twofold to $245 million ($1.43 a share) from $113.1 million (66 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 59.5% to $892.4 million from $559.4 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 76.8%, with the biggest boost coming in the first quarter of the last fiscal year when revenue rose 99.1% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose more than threefold in the third quarter of the last fiscal year and 751.1% in the second quarter of the last fiscal year.

Competitors to Watch: Rudolph Technologies, Inc. (NASDAQ:RTEC), Nanometrics Incorporated (NASDAQ:NANO), Nova Measuring Instruments Ltd. (NASDAQ:NVMI), Applied Materials, Inc. (NASDAQ:AMAT), Zygo Corporation (NASDAQ:ZIGO), Camtek LTD. (NASDAQ:CAMT), CyberOptics Corporation (NASDAQ:CYBE), Lam Research Corporation (NASDAQ:LRCX), LTX-Credence Corporation (NASDAQ:LTXC), and Cohu, Inc. (NASDAQ:COHU).

Stock Price Performance: During August 25, 2011 to October 21, 2011, the stock price had risen $8.82 (25.6%) from $34.48 to $43.30. The stock price saw one of its best stretches over the last year between September 8, 2011 and September 16, 2011 when shares rose for seven-straight days, rising 11.3% (+$3.98) over that span. It saw one of its worst periods between July 22, 2011 and July 29, 2011 when shares fell for six-straight days, falling 9.7% (-$4.24) over that span. Shares are up $5.45 (+14.4%) year to date.

(Source: Xignite Financials)

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