According to polling by Zacks, Kulicke and Soffa Industries, Inc. (NASDAQ:$KLIC) currently, has an Average Broker Rating – or ABR – of 2. The rating is based on 3 brokerages that are covering the stock.
Though some brokerages use individual terminology for their rating systems, they can all be sorted into a 1-5 scale that is now in use industry-wide. A value is assigned to each number to help compute the ABR. The rating gives you a recommendation on any given stock that can help you to quickly get a snapshot of where Wall Street stands on a stock without copious amounts of research.
However, the terminology can sometimes be confusing or misleading. Each brokerage uses its own lingo. For example, some brokerages may use ‘Strong-Buy’ as their greatest indicator, whereas ‘Buy’, ‘Accumulate’, ‘Moderate-Buy’, ‘Overweight’ or ‘Outperform may be used by other brokerages. More importantly, the listed ratings are not necessarily an outright recommendation, but instead are a forecast for how the firm thinks the stock will perform.
In regards to Kulicke and Soffa, analysts currently predict that the stock will reach $23.83 this year alone. In their last posted quarterly earnings, the company posted earnings of $0.62 per share, which beat out analysts estimates of $0.41. The stock currently sits at $1.39 for the past 12-month trailing EPS, with shares moving $6.17 over the past week and $9.15 over the past month. Analysts are forecasting an EPS of $0.38 in Kulicke and Soffa’s next quarterly earnings report, according to Zacks.
At the close of the last session, Kulick and Soffa’s stock sat at $20.99. Each session also saw an average of 393,167.81 shares changing hands. The stock currently stands 81.12% in the 52-week High-Low range and has a 52 week low of $12.57, indicating the stock has moved 31.6% on a year to date basis, and 9.32% over the past 12 weeks.
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