Ultra Clean Holdings Inc reports results for the quarter ended September 30 - Earnings Summary

• Ultra Clean Holdings Inc reported quarterly adjusted earnings of $1.15​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 28 cents. The mean expectation of five analysts for the quarter was for earnings of 94 cents per share. Wall Street expected results to range from 91 cents to $1.02 per share.

• Revenue rose 48.8% to $759.00 million from a year ago; analysts expected $728.07 million.

• Ultra Clean Holdings Inc's reported EPS for the quarter was 85 cents​.

• The company reported quarterly net income of $39.1 million.

• Ultra Clean Holdings Inc shares had fallen by 42.4% this quarter and gained 84.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 24.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductor equipment & testing peer group is also "buy"

• Wall Street's median 12-month price target for Ultra Clean Holdings Inc is $135.00, about 65.4% above its last closing price of $46.71

This summary was machine generated from LSEG data October 27 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)