Chipmaker Entegris Stock Trading Near Top Of Buy Zone Ahead Of Earnings

IBD 50 member Entegris (ENTG) is in a potential buy zone with its next earnings report scheduled for Apr. 21.

Entegris stock broke out of a double-bottom consolidation on Apr 1. It’s trading approximately 4% above a 114.10 buy point from a third-stage consolidation.  Check out  “IBD 50 Stocks To Watch: Chip Play Nears New Buy Point After 199% Run“.



Keep in mind that buying just before a stock earnings reports is risky. You don’t know how the stock will report and how the market will react, and you don’t have enough time to build a profit cushion. You can minimize your exposure by waiting to see the actual numbers and the market’s reaction.

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The company posted 29% earnings-per-share growth in its most recent report, while sales growth came in at 21%.

Analysts expect earnings-per-share growth of 30% for the quarter, and 17% growth for the full year. Annual EPS estimates were recently revised upward.

The company has a 98 Composite Rating and earns the No. 11 rank among its peers in the Electronics-Semiconductor Equipment industry group. Applied Materials (AMAT), ASML Hldgs (ASML) and AXT (AXTI) are among the top 5 highly rated stocks within the group. For more industry news, check out “Chip Stocks And Semiconductor Industry News.”

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.


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