MKS MKSI shares ended the last trading session 7.9% higher at $205.26. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 28% gain over the past four weeks.
MKSI is benefiting from the growing demand in the Semiconductor and Electronics & Packaging markets, particularly in AI-related applications and NAND upgrades.
This maker of analysis and processing equipment for semiconductor companies is expected to post quarterly earnings of $2.25 per share in its upcoming report, which represents a year-over-year change of +4.7%. Revenues are expected to be $992.25 million, up 6.1% 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 remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. 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 belongs to the Zacks Electronics - Miscellaneous Products industry. Another stock from the same industry, Rockwell Automation ROK, closed the last trading session 0.9% higher at $421.13. Over the past month, ROK has returned 7.1%.
Rockwell Automation's consensus EPS estimate for the upcoming report has changed +1.7% over the past month to $2.48. Compared to the company's year-ago EPS, this represents a change of +35.5%. Rockwell Automation currently boasts a Zacks Rank of #2 (Buy).
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MKS Inc. (MKSI): Free Stock Analysis Report Rockwell Automation, Inc. (ROK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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