KLA Corporation's Stock Price Increases, Surpassing Market Performance

KLA Corp. shares increased on Friday, surpassing the market's performance. The stock's performance was noteworthy, as it outpaced the broader market trend. Historical and current end-of-day data, along with real-time last sale information, are available from FACTSET and reflect trades reported through Nasdaq. Intraday data is delayed by at least 15 minutes or as required by the exchange.

KLA Corp. (KLAC) shares surged on Friday, defying the broader market trend and posting a notable gain [1]. The tech company's stock performance was a rare bright spot amidst a day of overall market losses, with the S&P 500 and Dow Jones Industrial Average both experiencing minor declines [2].

Despite the market headwinds, KLA Corp. shares managed to outperform, reflecting the strong demand for semiconductor manufacturing equipment. According to data from FACTSET, the stock appreciated by 1.57% on Friday, surpassing the S&P 500's daily loss of 0.16% [1].

This positive performance is not a recent development. Over the past month, KLA Corp. shares have experienced a significant uptick, rising by 8.43% [3]. This outperformance has been driven by the company's strong financial performance and analyst optimism about its future prospects.

The latest consensus estimates predict that KLA Corp.'s earnings per share (EPS) will be $6.08 for the current quarter, reflecting a 12.59% increase from the same period last year [3]. Meanwhile, the company's revenue is projected to reach $2.5 billion, indicating a 6.34% increase compared to the same quarter of the previous year [3].

Looking ahead to the full year, analysts are expecting earnings of $23.30 per share and revenue of $9.75 billion [3]. While these totals represent modest changes from last year (-8.16% and -7.13%, respectively), the positive revisions to analyst estimates indicate optimism about the company's business prospects [3].

In fact, recent analyst estimate revisions have been directly linked to positive stock price performance in the near future [3]. This correlation underscores the importance of monitoring analyst estimates and their revisions for companies like KLA Corp.

In summary, KLA Corp.'s outperformance on Friday was a testament to the strong demand for semiconductor manufacturing equipment. With strong financial performance and positive analyst sentiment, the company is well-positioned to continue outperforming the market in the coming months.

References:
[1] MarketWatch. (2021, November 19). KLA Corp. stock rises Friday, outperforms market. https://www.marketwatch.com/data-news/kla-corp-stock-rises-friday-outperforms-market-5994dde0-4538a15946bd
[2] Yahoo Finance. (2021, November 19). KLA Corporation (KLAC). https://nz.finance.yahoo.com/news/kla-klac-exceeds-market-returns-221521155.html
[3] Nasdaq. (2021, November 19). KLA (KLAC) Falls More Steeply Than Broader Market: What Investors Need to Know. https://www.nasdaq.com/articles/kla-klac-falls-more-steeply-broader-market-what-investors-need-know-0