Photronics PLAB Set to Announce Quarterly Earnings on Wednesday

plab stock

April housing starts came in line with expectations, at 1.4 million. That’s in line with the 1.4 million expected by analysts polled by Dow Jones. “The update is another data point that demonstrates WAL is distancing itself from recent industry turmoil and should be well received by market,” Jefferies analyst Casey Haire said. During the meeting, Musk teased new Tesla products, while also reiterating plans to roll out the first Cybertrucks this year. He also noted that the company faces some difficult months ahead.

Institutional investors and hedge funds own 90.41% of the company’s stock. In its fiscal second quarter, the company reported $2.12 in earnings per share without items and $1.39 billion in revenue. By comparison, analysts polled by FactSet expected $1.96 per share and revenue to come in slightly lower at $1.38 billion.

The report adds that globally, Asia is the largest hub of information technology, with North America coming in at a second place. The company’s three-year revenue growth rate pings at 35.9%, above 88.65% of its peers. Also, its EBITDA growth rate during the same period lands at 25.2%, above 64.52%. For value, the market prices EPM at a trailing multiple of 5.65.

Photronics (PLAB) Set to Announce Quarterly Earnings on Wednesday – MarketBeat

Photronics (PLAB) Set to Announce Quarterly Earnings on Wednesday.

Posted: Wed, 17 May 2023 05:37:31 GMT [source]

A handful of examples for the latter include big data analytics, artificial intelligence, enterprise resource planning, and robotics. These technologies enable companies to scoop out insights from large datasets, plan their future operations, manage resources, and optimize production for peak profitability. While Photronics currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys. While the broader tech space – including cybersecurity – has suffered some blows over the past year, Check Point enjoys robust financial metrics.

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The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 9.07 and a beta of 1.18. Operationally, Epsilon’s three-year revenue growth rate stands at 44.8%, above 92.13% of its peers. Also, during the same period, its EBITDA growth rate clocks in at 46.3%, above 82.32%. Finally, the market prices EPSN at a trailing multiple of 3.38.

That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The Barchart Technical Opinion rating is a 56% Sell with a Weakest short term outlook on maintaining the current direction.

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Since 1957, the index has produced a median return of 20% in the year immediately following a decline. The WSJ Dollar Index gained 0.3%, on pace to finish higher for the sixth session in the last eight trading days. Western Alliance said its deposits grew by more than $2 billion so far this quarter. Its shares gained, along with those of PacWest, Comerica and Zions.

The semiconductor photomask manufacturer just delivered a blockbuster earnings report, and the next one should be even better. Meanwhile, regional-bank shares are jumping after Western Alliance–a lender investors have worried about–gave a positive update on deposit growth. Meanwhile, regional-bank shares are jumping after Western Alliance—a lender investors have worried about—gave a positive update on deposit growth. Shares of Western Alliance jumped about 7% in extended trading after the bank said that its deposit growth for the current quarter surpassed $2 billion as of May 12. Home prices in China fell, with prices 0.2% lower year-on-year, compared to a 0.8% decline seen in the previous month, according to Reuters’ calculations.

Upgrade to MarketBeat All Access to add more stocks to your watchlist. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1′s and #2′s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4′s and #5′s.

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Photronics (PLAB) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. One share of PLAB stock can currently be purchased for approximately $16.72. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. As an investor, you want to buy stocks with the highest probability of success.

In turn, PayPal has become the most accepted digital wallet in North America and Europe, and the market leader in online payment processing software, according to Statista. That information hints at possibly big gains in the not-too-distant future. The S&P 500 dropped 19.4% in 2022, and it has rebounded 7.4% in 2023. But if this year falls in line with the median, the index will rise another 12.6% before the end of 2023.

Its EBITDA growth rate during the same period lands at 38.7%, above 73.06%. According to investment resource Gurufocus, PLAB features 10 good signs, making it a candidate for safe stocks to buy. In summary, Photronics features strong operations, a great value in terms of book value and trailing-year sales, along with robust fiscal stability. As well, the company carries a cash-to-debt ratio of 11.04, ranked above 71.82% of its peers. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals.

Western Alliance shares rise in after-hours trading

Several equities analysts have recently commented on PLAB shares. DA Davidson reaffirmed a “buy” rating on shares of Photronics in a research report on Tuesday, April 11th. StockNews.com initiated coverage on shares of Photronics in a research report on Thursday, March 16th. Finally, Northland Securities lowered their price objective on shares of Photronics from $21.00 to $18.00 and set an “outperform” rating on the stock in a research report on Monday, April 17th. However, PLAB also makes a case for safe stocks to buy because of its operational prowess. For example, its three-year revenue growth rate comes in at 19.2%, above 68.81% of sector rivals.

The technique has proven to be very useful for finding positive surprises. Despite a disappointing earnings report, this semiconductor company continues to break revenue and profit records. Specifically, PayPal has more insight into consumer spending habits compared to many peers. It uses that data to drive sales and prevent fraud for its merchants, and it does those things quite well. In fact, CEO Dan Schulman says PayPal has the lowest loss rates and the highest approval rate in the industry.

Tech stock Keysight advanced more than 7% after the bell on the back of a strong quarterly earnings report and guidance for the current quarter. Regional bank shares rebounded on Wednesday, helping market sentiment, as Western Alliance Bancorp detailed improving deposit growth. The SPDR S&P Regional Bank ETF https://business-oppurtunities.com/the-hottest-tip/ jumped 3.4%, while Western Alliance soared 12%. Technology is one of the biggest and most consequential industries in existence today. This is due to the fact that not only have technology companies changed the way in which humans live their daily lives, but they have also transformed business processes.

NEW YORK , Feb. 22, 2023 /PRNewswire/ – Purcell & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim… Investors need to pay close attention to Photronics (PLAB) stock based on the movements in the options market lately. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.

The bank said in an 8K filing on Tuesday that customer deposits have grown by more than $2 billion throughout the quarter. Shares of Western Alliance climbed 10.3% on the analyst notes. The three major averages jumped to their highs of the day – briefly – after President Joe Biden said that the U.S. will not default on its debts Wednesday morning. Shares of Photronics are moving lower after the company’s forward guidance disappointed investors.

plab stock

A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.

  • Traders at JPMorgan expect the market to remain in a tight trading range as lawmakers try to reach a deal on the U.S. debt ceiling.
  • Sam Stovall, chief investment strategist at CFRA Research, said he expects that markets are stuck in neutral, even as the news becomes “more and more optimistic” on the debt ceiling.
  • Financial services made the biggest losses, down 1.3%, followed by autos, which dropped 0.9%.
  • Data may be intentionally delayed pursuant to supplier requirements.
  • Home prices in China fell, with prices 0.2% lower year-on-year, compared to a 0.8% decline seen in the previous month, according to Reuters’ calculations.

To compile our list, we first listed thirty tech companies with the highest market capitalization below $1 billion. They were then ranked through hedge fund sentiment generated from Insider Monkey’s Q survey covering 943 hedge funds, and the top ten emerging technology stocks are listed below. 2 analysts have issued 1 year target prices for Photronics’ shares. Their PLAB share price forecasts range from $18.00 to $28.00. On average, they anticipate the company’s stock price to reach $23.00 in the next twelve months. This suggests a possible upside of 37.6% from the stock’s current price.

Sam Stovall, chief investment strategist at CFRA Research, said he expects that markets are stuck in neutral, even as the news becomes “more and more optimistic” on the debt ceiling. He cited recent trends in the 10-year Treasury yield, as well as strength indicators in the S&P 500. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

Generally speaking, you want to keep your portfolio tied largely to blue-chip stocks. However, on occasion, your portfolio should also include cheap small-cap stocks.

8 employees have rated Photronics Chief Executive Officer Peter S. Kirlin on Glassdoor.com. Peter S. Kirlin has an approval rating of 49% among the company’s employees. This puts Peter S. Kirlin in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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