Cohu (COHU) Tops This autumn Profits and Income Estimates

This tale initially seemed on Zacks

Cohu (COHU) got here out with quarterly income of $0.72 consistent with percentage, beating the Zacks Consensus Estimate of $0.55 consistent with percentage. This compares to income of $0.73 consistent with percentage a yr in the past. Those figures are adjusted for non-recurring pieces.

– Zacks

This quarterly record represents an income wonder of 30.91%. 1 / 4 in the past, it used to be anticipated that this maker of semiconductor take a look at apparatus would put up income of $0.70 consistent with percentage when it in reality produced income of $0.70, turning in no wonder.

During the last 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.

Cohu, which belongs to the Zacks Electronics – Production Equipment trade, posted revenues of $191.86 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by way of 1.65%. This compares to year-ago revenues of $202.36 million. The corporate has crowned consensus earnings estimates 3 times during the last 4 quarters.

The sustainability of the inventory’s fast worth motion in response to the recently-released numbers and long term income expectancies will most commonly rely on control’s observation at the income name.

Cohu stocks have misplaced about 10.2% for the reason that starting of the yr as opposed to the S&P 500’s decline of -3.8%.

What is Subsequent for Cohu?

Whilst Cohu has underperformed the marketplace to this point this yr, the query that involves traders’ minds is: what is subsequent for the inventory?

There are not any simple solutions to this key query, however one dependable measure that may lend a hand traders deal with that is the corporate’s income outlook. Now not simplest does this come with present consensus income expectancies for the approaching quarter(s), but additionally how those expectancies have modified in recent years.

Empirical analysis presentations a robust correlation between near-term inventory actions and traits in income estimate revisions. Traders can observe such revisions by way of themselves or depend on a tried-and-tested score instrument just like the Zacks Rank, which has an outstanding observe report of harnessing the ability of income estimate revisions.

Forward of this income unlock, the estimate revisions development for Cohu: blended. Whilst the magnitude and route of estimate revisions may alternate following the corporate’s just-released income record, the present standing interprets right into a Zacks Rank #3 (Dangle) for the inventory. So, the stocks are anticipated to accomplish in keeping with the marketplace within the close to long term. You’ll be able to see the whole record of nowadays’s Zacks #1 Rank (Robust Purchase) shares right here.

It’ll be attention-grabbing to peer how estimates for the approaching quarters and present fiscal yr alternate within the days forward. The present consensus EPS estimate is $0.64 on $202.8 million in revenues for the approaching quarter and $3.04 on $864.7 million in revenues for the present fiscal yr.

Traders must consider of the truth that the outlook for the trade will have a subject matter have an effect on at the efficiency of the inventory as smartly. In relation to the Zacks Business Rank, Electronics – Production Equipment is recently within the best 34% of the 250 plus Zacks industries. Our analysis presentations that the highest 50% of the Zacks-ranked industries outperform the ground 50% by way of an element of greater than 2 to at least one.

Some other inventory from the similar trade, Extremely Blank Holdings (UCTT), has but to record effects for the quarter ended December 2021. The consequences are anticipated to be launched on February 23.

This chipmaking apparatus products and services corporate is predicted to put up quarterly income of $1.19 consistent with percentage in its upcoming record, which represents a year-over-year alternate of +46.9%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.

Extremely Blank Holdings’ revenues are anticipated to be $609.25 million, up 64.8% from the year-ago quarter.

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Cohu, Inc. (COHU): Loose Inventory Research Record
Extremely Blank Holdings, Inc. (UCTT): Loose Inventory Research Record
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