Kulicke & Soffa Gains 110% in Quarter; Full-Year EPS Estimate Rises 75%
Kulicke and Soffa shares rose 23.7% last week and 110.5% in the past quarter, versus industry gains of 1.5% and 10.5% respectively. Full-year EPS estimates jumped from $1.53 to $2.68 in two months, lifting its Zacks #1 Rank and Momentum Score A.
1. Strong Price Momentum
Shares have surged 110.46% in the past quarter, including jumps of 23.7% over the last week and 35.07% month-to-date, far outpacing the Electronics - Manufacturing Machinery industry’s 1.53% weekly and 10.53% monthly gains.
2. Momentum Style Score
Kulicke and Soffa holds a Momentum Style Score of A based on significant price appreciation and elevated liquidity, with an average trading volume of 874,467 shares over the past 20 days indicating strong market interest.
3. Earnings Estimate Revisions
Analysts have lifted full-year EPS projections from $1.53 to $2.68 over the past two months, while next fiscal year estimates have increased without any downward revisions, highlighting improving profitability expectations.
4. Analyst Ratings and Outlook
The company carries a #1 (Strong Buy) rating, supported by its exceptional price trend and rising earnings forecasts; sustained volume growth and positive estimate revisions may underpin further upside.