What to Expect From KLA Corporation’s Upcoming Q4 Results?
<p>Analysts at Deutsche Bank provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/KLAC'>KLA Corporation (NASDAQ:KLAC)</a> ahead of the company’s upcoming Q4 results, scheduled to be reported on July 28.</p>
<p>The analysts reduced their estimates to be more aligned with their top-down view that WFE would decline approximately 10% year-over-year in 2023. However, the analysts believe the company should do better than its process tool peers (AMAT/LRCX) in terms of revenue growth, as it focuses on technology advancement and yield improvement, which are both of utmost importance in the current macro environment with a high degree of uncertainty. </p>
<p>The analysts lowered their 2023 EPS estimate from $25.00 to $22.25. As a result, their price target moved to $385 from $425. The analysts kept their buy rating unchanged.</p>

NASDAQ:KLAC