ENTG Stock Recent News

The Zacks Electronics - Manufacturing Machinery industry participants like Entegris (ENTG), MKS Instruments (MKSI) and Veeco Instruments (VECO) are benefiting from increased capital spending on high-performance computing, advanced packaging and memory.

ENTG has shown signs of growth recovery and gross margin expansion. The MC segment displayed sequential and annual growth. Management's efforts to optimize the portfolio and reduce inventory have positively impacted gross margins and free cash flow.

The outlook for 2024 may be a bit uncertain due to current macroeconomic and geopolitical events, not to mention the whole issue of monetary policy currently being implemented by the United States with the desired inflation targets. Even so, the current market cycle is presenting very good opportunities to position yourself and take the best deals out there.

Entegris (ENTG) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.85 per share a year ago.

Entegris has been a market-beating stock over the long term, but a big acquisition has muddied the waters. The company is paying down debt and trying to boost profit margins.

BILLERICA, Mass.--(BUSINESS WIRE)--Entegris, Inc. (NASDAQ: ENTG), will release its financial results for the third quarter of 2023, before the opening of the market on Thursday, November 2, 2023. A teleconference with management is scheduled for the same day at 9:00 a.m. Eastern Time. Participants should dial +1 800-445-7795 or +1 785-424-1699 referencing Conference ID: ENTGQ323. Participants are asked to dial-in 5 to 10 minutes prior to the start of the call. For the live webcast and replay of.

Entegris' sequential growth analysis shows positive traction in its investments, indicating an eventual recovery. The company is focused on strengthening R&D investment capabilities to drive growth. Despite near-term challenges, management's actions to improve the balance sheet and increase cash reserves position Entegris for long-term success.

According to Federal Reserve data, the United States household wealth reached a record high of $154.3 trillion during Q2 2023. This development carries substantial significance for the stock market.

While the top- and bottom-line numbers for Entegris (ENTG) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Entegris has see-sawed in recent weeks after a major rally, but attempts by the stock to break lower have been snuffed out by buyers. A catalyst may be needed to break the current status quo, which means the upcoming earnings report carries an extra weight that could shift sentiment. A good report could go a long way towards replenishing the fuel needed for a continued move higher, but a bad report could accomplish the opposite.