Zacks Investment Research upgraded
Brooks Automation, Inc.
) to a Zacks Rank #1 (Strong Buy) on Jul 10, 2013.
Why the Upgrade?
Shares of Brooks Automation have risen by 7.96% since the company
reported its second quarter of fiscal 2013 (ended Mar 31) results
on May 9. Adjusted earnings per share were 1 cent below 20 cents
earned in the year-ago quarter but an improvement over a 6 cent
loss in the previous quarter. Also, the results surpassed the
Zacks Consensus Estimate of a 3 cent loss per share by 133.3%.
Sequentially, revenue grew 19%, reflecting soaring demand for
front end semiconductor products. Order bookings stood at $121.3
million, up 31% sequentially. Talking of margins, adjusted gross
margin in the quarter improved 20 basis points sequentially and
came in at 32.1%.
For fiscal 2013, management of Brooks Automation anticipates
revenue to be within the $116-$124 million range and non-GAAP
earnings per share to be within the 1 cent-5 cents range. At mid
points, revenue guidance reflects a 2.6% sequential growth while
earnings guidance reflects 200% sequential growth.
In the last 60 days, the Zacks Consensus Estimate for Brooks
Automation has gone up by 10.0% to 11 cents for fiscal 2013 and
increased 1.4% to 71 cents for fiscal 2014. Also, the company had
positive earnings surprise in three out of four trailing quarters
with an average of 113.1%.
Others Stocks to Consider:
Brooks Automation, Inc. is a $657 million company, operating in
the semiconductor equipment and materials industry. Other stocks
to watch out for in the industry are
Mattson Technology Inc.
), each with a Zacks Rank #2 (Buy).
BROOKS AUTOMATN (BRKS): Free Stock Analysis
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MATTSON TECH (MTSN): Free Stock Analysis
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