11-22-2017: Electro Scientific Industries, Inc. (ESIO): Laser Systems One of the Strongest Industry Groups

(WAIT FOR PAGE TO LOAD COMPLETELY BEFORE LINKS WORK.)

Corporate Webpages
Company Profile
Company History
News
Comparison with Peers
Bond Issue
Zenith Index
Financial Statements
Avg. P/E to Current P/E
Financial Ratios
Market Grader
Intrinsic Value (Disc. CashFlow)
Tangible Book Value
Projected Earnings
Research Reports
Analysts' Opinions
Insider Activity
Institutional Activity
Sentiment
Short Interest
Standard & Poor's
Management's Discussion
Moving Average Chart
Right Time Study
Channel Potential
MACD Histogram
Intraday Chart
Val Idea
Stock Consultant
Point & Figure Chart
Wall Street Analyzer
Marketspace Chart
Time Series Forecast
Neural Network Prediction
Stock Options
Ultimate Trading Systems
Recommendation

Electro Scientific Industries, Inc.

Electro Scientific Industries, Inc. (ESIO) is a Portland, Ore-based company that manufacturers laser cutting and drilling equipment used in the manufacturer of semiconductor and integrated circuits. ESIO stock has tripled in just the last few months, making many investors afraid to take a chance on further price rises. It is probably not incorrect to say that the stock is "overbought." Still, institutions are net acquirers and Dimensional Fund Advisors is one of the primary holders, and it is still acquiring more. We regard that as a good sign.

Management appears to have good corporate governance, if executive salaries and stock options are any indication. The company has a good website explaining its products and hopes for the future. Acquisitions have been focused and aided rising earnings potential, although the stock has a history of losses over the past several years giving it extremely negative analyses based upon intrinsic value or basic fundamentals. It has an extremely negative Zenith Index. But it has very little debt, projected higher positive earnings, and good financial ratios with the exception of return on equity. Historically the stock price has been all over the map, so the ROE number could shortly be due to change given the extreme price rise.

The company has received several orders for its newest equipment, prompting analysts to revise drastically upward their earnings estimates for 2018 and 2019. Latest quarterly earnings reports have been positive for the last two quarters after years of losses, but we note earnings projections are lower going out into 2019.

This is an extremely high-risk stock with divided sentiments from Standard & Poor's versus Market Grader. S&P thinks the risk is "moderate" and bases its positive rating upon stock share performance and growth prospects. But it acknowledges at the same time, the financial health of the company is negative, even with the low debt. The industry group to which the stock belongs is one of the strongest near the very top of the list of hundreds of other groups.



[Home]
Corporate Wepages

Trade Mark
2
3
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24



[Home]
Company Profile

Profile
Profile



[Home]
Company History
6 7 8 9 10 11


[Home]
News

Click Here for News Archives



[Home]
Comparison

Comparison

Groups 1
Groups 2
Groups 3


Companies 1

Similar Companies Performance:

55 56
57 58
59 60


[Home]
Bond Issue

22



[Home]
Zenith Index

Under current market conditions, a Zenith Index Score of 1.20 or above is required for a positive rating on this factor. 1.21 -1.30 is considered acceptable, 1.30-1.40 is considered strong and
> 1.40 is considered exceptionally strong. Accounting statements in this section often contain mistakes, especially in earlier years' totals, but data is deemed sufficient for us to give a rating. More accurate financial statements follow in the next section.

Electro Scientific Industries, Inc. (ESIO)                Exchange: Nasdaq
13900 NW Science Park Drive
Portland, OR 97229               Sector: Technology
United States                    Industry:Semiconductor - Integrated Circu

Electro Scientific Industries, Inc., together with its subsidiaries,
supplies laser-based microfabrication solutions for the microtechnology
industry worldwide. It provides printed circuit boards, including laser
via drilling systems for electrical interconnect applications; micro via
drilling technology that addresses the changing applications in
integrated circuit packages, multichip modules, and high density
interconnect circuit boards; and ultraviolet laser processing systems
comprising single-beam and multi-beam systems. It also offers
semiconductor manufacturing products comprising wafer marking equipment
for use in serialization and wafer identification; wafer and circuit
trim tools that adjust the electrical performance of semiconductor
devices or hybrid circuits; and liquid crystal display (LCD) repair
tools; and laser LCD repair systems to enhance the manufacture of flat
panel displays. In addition, the company provides component test
products that combine high-speed small parts handling technology withreal-time control systems to provide inspection solutions for
manufacturers of multilayer ceramic capacitors and other passive
components, such as capacitor arrays, inductors, resistors, varistors,
and hybrid circuits. Further, it offers industrial machining products,
such as platforms for precision drilling, scribing, cutting, etching,
routing, and marking various materials and devices; and laser systems to
manufacturers of end devices for drilling, marking, and cutting. The
company sells its products through direct sales and service offices,
value-added resellers, and independent representatives. Electro
Scientific Industries, Inc. was founded in 1944 and is headquartered in
Portland, Oregon.

Last Trade:  24.39                           52-Week Range:  24.77 -   5.03
Employees: 683                               Avg.Volume:     705,006 Shares

Corporate Governance:
Pillar scores are Audit: 2; Board: 1; Shareholder Rights: 4; Compensation: 8.
         (A lower number means less governance risk.)

EPS: -1.05    Dividend Amount: $%203.00          Yield:  0.00%
             Ex-Dividend Date: Nov 26, 2014    Payout Ratio:   0.00

Key Statistics:

    Trailing P/E:   0.00              Forward P/E (est.):  17.08
                                           Target Price:  24.67

Qrtly Stock Price Growth (yoy): 357.60%               Beta:   0.59
Qrtly S&P Index   Growth (yoy):  52.50%        Short Ratio:   4.00%
    Qrtly Revenue Growth (yoy):  17.63%         Shares Out:  33490000
   Qrtly Earnings Growth (yoy):   0.00%

          Book Value:   4.41                    Debt/Equity:   9.31%
    Price/Book Value:   5.39        Operating Profit Margin:  -3.48%
         Price/Sales:   4.27                  Profit Margin: -18.49%
         Market Cap:     795,093,000       Return on Equity: -21.55%
    Enterprise Value:     731,850,000      Return on Assets:  -1.76%

    Operating Cash Flow:     -4,850,000
         Free Cash Flow:      9,340,000



Annual Income Statement:                          (All numbers in thousands)
  Period Ending                             04/1/2017     4/2/2016   3/28/2015

  Total Revenue                                161,023     184,391     159,118
  Cost of Revenue                               99,557     111,688     104,437
  Gross Profit                                  61,466      72,703      54,681

Operating Expenses:
  Research & Development                             0           0           0
  Selling, General & Administrative             52,698      49,753      48,525
  Non-Recurring Expenses                        14,746       3,018      10,734
  Other Operating Expenses                           0           0           0
  Total Operating Expenses                           0           0           0

Operating Income or Loss                       -37,697     -12,468     -39,744

Income from Continuing Operations:
  Total Other Income/Expenses Net                  265         195      -3,833
  Earnings Before Interest & Taxes             -37,432     -12,273     -43,577
  Interest Expense                                   0           0           0
  Income Before Taxes                          -37,432     -12,273     -43,577
  Income Tax Expense                               -23         -16         234
  Minority Interest                                  0           0           0

Net Income from Continuing Op.s                -37,409     -12,257     -43,811

Non-recurring Events:
  Discontinued Operations                            0           0           0
  Extraordinary Items                                0           0           0
  Effect of Accounting Changes                       0           0           0
  Other Items                                        0           0           0
  Net Income                                   -37,409     -12,257     -43,811
  Preferred Stock & Other Adjustments                0           0           0

Net Income Avail to Common Shares              -37,409     -12,257     -43,811



Annual Cash Flow Statement:                   (All numbers in thousands)
  Period Ending                         04/1/2017       4/2/2016     3/28/2015

  Net Income                               -37,409       -12,257       -43,811

Operating Activities:
  Depreciation                               9,096         8,719         9,319
  Adjustments to Net Income                 19,969         5,417        16,687
  Changes in Accounts Recv'bls               2,571         2,984        -7,965
  Changes in Liabilities                    16,479         4,357        -2,152
  Changes in Investories                    -6,252        -7,303         1,091
  Changes in other Oper'g Acts              -5,287         2,785          -662

Total Cash Flow f Operations                  -833         4,702       -27,493

Investing Activities:
  Capital Exenditures                       -4,039        -3,693        -5,374
  Investments                                8,949       -11,141        35,802
  Other Cash Flows fr Investing             -2,296         1,022       -10,221

Total Cash Flows from Investing              2,614       -13,812        20,207

Financing Activities:
  Dividends Paid                                 0             0        -7,266
  Sale of Purchase of Stock                  1,398         1,362           407
  Net Borrowings                            13,606        13,606        13,606
  Other Cash Flows fr Financing               -839          -638       -10,221

Total Cash Flows from Financing             14,165           724        -8,709

  Effect of Exchange Rate Chg                 -627          -195        -1,472

Change in Cash & Cash Equiv.                15,319        -8,581       -17,467



Annual Balance Sheets:                              (All Numbers in Thousands)
  Period Ending                          04/1/2017       4/2/2016     3/28/2015
Current Assets:
  Cash & Cash Equivalents                    56,642        42,413        50,994
  Short Term Investments                      5,743        15,252         6,612
  Net Receivables                            40,494        42,770        42,473
  Inventory                                  58,942        60,470        56,637
  Other Current Assets                       11,893         6,521         8,606
  Total Current Assets                      185,200       152,174       158,710

  Long-Term Investments                           0             0             0
  Property, Plant & Equipt                   21,619        24,543        25,858
  Goodwill                                    3,027         7,445         7,717
  Intangible Assets                           6,564         7,146         8,958
  Accumulated Amortization                        0             0             0
  Other Assets                               18,931        12,626        13,211
  Deferred LT Asset Charges                     890           914           174

Total Assets                                224,745       220,100       221,240

Current Liabilities:
  Accounts Payable                           43,399        34,395        28,353
  Current Portion LT Debt                         0             0             0
  Other Current Liabilities                  14,712         6,373        12,376
  Total Current Liabilities                  58,111        40,768         40,729

  Long Term Debt                             43,399        34,395        28,353
  Other Liabilities                               0             0             0
  Deferred LT Liab. Charges                  14,712         6,373        12,376
  Minority Interest                               0             0             0
  Negative Goodwill                               0             0             0

Total Liabilities                            80,440        49,835        43,919

Stockholder Equity:
  Misc. Options, Warrants                         0             0             0
  Redeemable Preferred Stock                      0             0             0
  Preferred Stock                                 0             0             0
  Common Stock                              207,152       195,024       189,134
  Retained Earnings                         -61,407       -23,998       -11,741
  Treasury Stock                                  0             0             0
  Capital Surplus                                 0             0             0
  Other Stockhohlder Equity                  -1,214          -995           -72
  Total Stockholder Equity                  144,531       170,031       177,321

Net Tangible Assets                         134,940       155,440       160,646



Electro Scientific Industries, Inc. (ESIO)  [Indices near +3.0, near zero,
                                            or < zero bear special attention.]
P/E Ratio Tests:
P/E Ratio < 28?            0.0000          P/E Ratio > 5?             0.0000
P/E Ratio Vs Growth Rate:  0.0000          Forward P/E Ratio < 28?    1.6393
Price/Sales Ratio < 2.3?   0.5386          Inventory/Sales < 5%?      0.1366
Sales < $1 Billion?        3.0000          Operating Margin < 7.5%?  -2.1552

Balance Sheet Tests:
Debt/Equity < 0.40?        3.0000          Long-Term Debt Service:    3.0000
LTD Being Reduced?        -3.0000          Short-Term Debt Service:   3.0000
Current Ratio > 2?         1.5935          Working Capital >= 1.5?    0.4769
Leverage Ratio < 20%?      2.7459          Debt/Assets < 1?           3.0000
Quick Ratio > 1?           3.0000          Inventory Turnover > 1?    0.8739
Share Equity Increase:     1.8089          Market Cap.< 1.5 Billion?  1.8866
                                           Intangibles < 3% Assets?   0.7030
Income Tests:
Profit Margin < 7.5%?     -2.4653          EPS Annual Growth > 10%?   0.0328
Dividend Yield > 2.0%?     0.0000          EPS 3-yr Growth > 15?      0.1757
Enterprise Value/Revenue   3.0000          EPS Growth Consistent?     0.0000
Enterprise Value/EBITDA:  -3.0000          Collection < 45 days?      0.4902
EPS Qrtly Growth > 10%?    0.0000          Gross Pft/Cur. LTD > 1?    3.0000
                                           Borrowing Int. Rate < 6%?  3.0000
Stock Performance Tests:
Volatility > 25%?          3.0000          % Held by Insiders < 5%?   1.3889
Beta > 1.25?               0.4720          % Held by Institut. < 50?  0.5664
50 Da MA > 200 Da MA?      0.7724          % Held by Institut. > 30?  2.9427
52-Wk Change vs. S&P 500:  3.0000          Short Ratio > 5?           0.8000
Price/Book Value < 3?      0.5424          Short % of Float > 20?     0.0840
Return on Assets > 17%?   -0.1035          Average Volume > 100,000?  3.0000

Cash Flow Tests:
Oper. C.F. > Lever'd C.F: -0.5193          Positive Free Cash Flow?   3.0000
Positive Oper. Cash Flow? -1.0000          Price to C.F.Ratio < 14?:  0.3101
                                           Cash Flow / Assets > 10%?  0.7836

ESIO   Electro Scientific Industries, Inc. Overall Zenith Index:      0.9903


[Home]
Financial Statements

ELECTRO SCIENTIFIC INDUSTRIES INC  (ESIO)   INCOME STATEMENT

Fiscal year ends in March.                           2013-03         2014-03         2015-03         2016-03         2017-03             TTM           

Revenue                                          216,624,992     181,167,008     159,118,000     184,391,008     161,023,008     227,348,000
Cost of revenue                                  152,372,000     117,141,000     104,437,000     111,688,000      99,557,000     144,718,000
Gross profit                                      64,253,000      64,026,000      54,681,000      72,703,000      61,466,000      82,630,000


Operating expenses
Research and development                          37,196,000      37,839,000      35,166,000      32,400,000      31,719,000      33,537,000
Sales, General and administrative                 56,051,000      55,753,000      49,301,000      49,753,000      52,698,000      51,517,000
Restructuring, merger and acquisition              2,612,000       1,070,000       2,069,000       2,824,000       6,935,000      10,308,000
Other operating expenses                         -16,488,000      -1,800,000       7,889,000         194,000       7,811,000       7,476,000
Total operating expenses                          79,371,000      92,862,000      94,425,000      85,171,000      99,163,000     102,838,000

Operating income                                 -15,118,000     -28,836,000     -39,744,000     -12,468,000     -37,697,000     -20,208,000
Other income (expense)                               253,000      -9,590,000      -3,833,000         195,000         265,000        -276,000
Income before taxes                              -14,865,000     -38,426,000     -43,577,000     -12,273,000     -37,432,000     -20,484,000
Provision for income taxes                        39,851,000         -92,000         234,000         -16,000         -23,000         -30,000
Net income from continuing operations            -54,716,000     -38,334,000     -43,811,000     -12,257,000     -37,409,000     -20,454,000
Net income                                       -54,716,000     -38,334,000     -43,811,000     -12,257,000     -37,409,000     -20,454,000
Net income available to common shareholders      -54,716,000     -38,334,000     -43,811,000     -12,257,000     -37,409,000     -20,454,000

Earnings per share
Basic                                                  -1.86           -1.28           -1.43           -0.39           -1.15           -0.64 
Diluted                                                -1.86           -1.28           -1.43           -0.39           -1.15           -0.64 

Weighted average shares outstanding
Basic                                             29,357,000      29,974,000      30,611,000      31,411,000      32,551,000      33,320,000
Diluted                                           29,357,000      29,974,000      30,611,000      31,411,000      32,551,000      33,854,500

____________________________________________________________________________________________________________________________________________


ELECTRO SCIENTIFIC INDUSTRIES INC  (ESIO)   BALANCE SHEET

Fiscal year ends in March.                           2013-03         2014-03         2015-03         2016-03         2017-03             

Assets

Current assets

Cash

Short-term investments                            56,144,000      38,444,000       6,612,000      15,252,000       5,743,000
Total cash                                       145,056,992     106,905,000      57,606,000      57,665,000      62,385,000

Receivables                                       31,779,000      37,813,000      45,951,000      42,770,000      40,494,000
Inventories                                       63,067,000      58,902,000      56,637,000      60,470,000      58,942,000
Deferred income taxes                              1,682,000         161,000         178,000               0               0
Prepaid expenses                                           0               0       2,595,000       2,747,000       3,646,000
Other current assets                               4,905,000       6,728,000       6,011,000       3,774,000       8,247,000
Total current assets                             246,490,000     210,508,992     168,978,000     167,426,000     173,714,000

Non-current assets

Property, plant and equipment
Gross property, plant and equipment              126,628,000     126,263,000     135,923,008     139,695,008     144,704,992
Accumulated Depreciation                         -98,734,000     -98,333,000    -102,901,000    -107,910,000    -112,075,000
Net property, plant and equipment                 27,894,000      27,930,000      33,022,000      31,785,000      32,630,000

Equity and other investments                      12,329,000       3,985,000               0               0               0
Goodwill                                           7,889,000       7,889,000       7,717,000       7,445,000       3,027,000
Intangible assets                                  9,088,000       6,845,000       8,958,000       7,146,000       6,564,000
Deferred income taxes                              3,766,000         704,000         174,000         914,000         890,000
Other long-term assets                            14,752,000      12,347,000       2,391,000       5,384,000       7,920,000
Total non-current assets                          75,718,000      59,700,000      52,262,000      52,674,000      51,031,000

Total assets                                     322,208,000     270,208,992     221,240,000     220,100,000     224,744,992 

Liabilities and stockholders' equity

Liabilities

Current liabilities
Short-term debt                                            0               0               0               0         434,000
Accounts payable                                  16,958,000      14,465,000       9,514,000      16,061,000      21,213,000
Deferred income taxes                                      0         170,000         173,000               0               0
Taxes payable                                      3,142,000         494,000         557,000         569,000               0
Accrued liabilities                               21,078,000      17,395,000      16,626,000      13,561,000      12,251,000
Deferred revenues                                 10,421,000      10,890,000      13,433,000       8,104,000      15,954,000
Other current liabilities                            485,000       2,260,000       1,997,000       2,473,000       8,259,000
Total current liabilities                         52,084,000      45,674,000      42,300,000      40,768,000      58,111,000

Non-current liabilities
Long-term debt                                             0               0               0               0      13,489,000
Deferred taxes liabilities                                 0               0         443,000         234,000           8,000
Accrued liabilities                                        0               0               0       2,068,000       2,080,000
Other long-term liabilities                        5,982,000       1,654,000       1,176,000       6,999,000       6,526,000
Total non-current liabilities                      5,982,000       1,654,000       1,619,000       9,301,000      22,103,000

Total liabilities                                 58,066,000      47,328,000      43,919,000      50,069,000      80,214,000 

Stockholders' equity

Additional paid-in capital                       176,631,008     183,192,992     189,134,000     195,024,000     207,152,000
Retained earnings                                 87,228,000      39,336,000     -11,741,000     -23,998,000     -61,407,000
Accumulated other comprehensive income               283,000         352,000         -72,000        -995,000      -1,214,000
Total stockholders' equity                       264,142,000     222,880,992     177,320,992     170,031,008     144,531,008
Total liabilities and stockholders' equity       322,208,000     270,208,992     221,240,000     220,100,000     224,744,992

____________________________________________________________________________________________________________________________________________


ELECTRO SCIENTIFIC INDUSTRIES INC  (ESIO)   Statement of CASH FLOW

Fiscal year ends in March. USD.                      2013-03         2014-03         2015-03         2016-03         2017-03             TTM           

Cash Flows From Operating Activities
Net income                                       -54,716,000     -38,334,000     -43,811,000     -12,257,000     -37,409,000     -20,454,000
Depreciation & amortization                       14,651,000      10,627,000       9,319,000       8,719,000       9,096,000       9,076,000
Investment/asset impairment charges                        0       9,703,000       7,889,000               0      12,234,000      11,064,000
Deferred income taxes                             40,971,000       4,377,000         -54,000        -877,000        -254,000        -372,000
Stock based compensation                           7,861,000       6,105,000       4,542,000       5,103,000       7,095,000       6,756,000
Accounts receivable                                1,232,000      -2,195,000      -7,965,000       2,984,000       2,571,000     -17,896,000
Inventory                                          3,564,000       7,567,000       1,091,000      -7,303,000      -6,252,000     -10,457,000
Other working capital                              2,864,000     -15,329,000      -2,814,000       7,142,000      11,192,000      27,851,000
Other non-cash items                                 680,000      -1,637,000       4,310,000       1,191,000         894,000      15,318,000
Net cash provided by operating activities         17,107,000     -19,116,000     -27,493,000       4,702,000        -833,000      20,886,000

Cash Flows From Investing Activities
Investments in property, plant, and equipmen      -6,213,000      -7,583,000      -5,374,000      -3,693,000      -4,039,000      -2,774,000
Property, plant, and equipment reductions          2,030,000       3,657,000         154,000         232,000           7,000          37,000
Acquisitions, net                                 -9,466,000      -9,731,000      -7,737,000               0      -2,010,000               0
Purchases of investments                      -1,061,654,016    -273,132,000    -414,704,992    -380,840,992    -464,892,992    -274,308,000
Sales/Maturities of investments                1,123,155,968     294,182,016     450,507,008     369,700,000     473,841,984     244,494,000
Other investing activities                        22,894,000         438,000      -2,638,000         790,000        -293,000      -4,725,000
Net cash used for investing activities            70,747,000       7,831,000      20,207,000     -13,812,000       2,614,000     -37,276,000

Cash Flows From Financing Activities
Debt repayment                                             0               0      -1,850,000               0         -77,000        -289,000
Common stock issued                                  627,000               0       1,863,000       1,362,000       1,398,000       1,409,000
Common stock repurchased                                   0        -191,000      -1,456,000               0               0               0
Dividend paid                                    -68,077,000      -9,557,000      -7,266,000               0               0               0
Other financing activities                           307,000         648,000               0        -638,000      12,844,000      11,953,000
Net cash provided by (used for) financing        -67,143,000      -9,100,000      -8,709,000         724,000      14,165,000      13,073,000

Effect of exchange rate changes                   -1,578,000         -67,000      -1,472,000        -195,000               0               0
Net change in cash                                19,133,000     -20,452,000     -17,467,000      -8,581,000      15,946,000      -3,317,000
Cash at beginning of period                       69,780,000      88,913,000      68,461,000      50,994,000      42,413,000      52,685,000
Cash at end of period                             88,913,000      68,461,000      50,994,000      42,413,000      58,359,000      49,368,000

Free Cash Flow
Operating cash flow                               17,107,000     -19,116,000     -27,493,000       4,702,000        -833,000      20,886,000
Capital expenditure                               -6,213,000      -7,583,000      -5,374,000      -3,693,000      -4,039,000      -2,774,000
Free cash flow                                    10,894,000     -26,699,000     -32,867,000       1,009,000      -4,872,000      18,112,000
____________________________________________________________________________________________________________________________________________





[Home]
Average to Current P/E Ratios
              (ESIO)       Electro Scientific Industrie

                               2012    2013    2014    2015    2016

          Annual Earnings:    -1.86   -1.28   -1.43   -0.39   -1.15
Average Price During Year:    12.95   10.98    8.15    5.61    6.19

                P/E Ratio:     6.96    8.58    5.70   14.37    5.39

 Average 5-Year P/E Ratio  =   8.20
             Current Price =  23.74

Previous 5 Quarter Earnings:  -0.30   -0.29   -0.54    0.08    0.12

           Current Annualized (Last Four Quarters) Earnings = -.34
                                                           ________
                                 Average PE / Current PE =    -0.12
                                                           --------

                                      ...a number above 1.00 is good
                                                1.00 or below is bad


[Home]
Financial Ratios

. . . . . . . . . . . . Lowest to Highest, Compared to Industry



[Home]
Market Grader

900
901 902 903 904 905 906 907 908 909 910



[Home]
Intrinsic Value (DCF)

Intrinsic Value by Discounted Cash Flow Method:

Intrinsic Value



[Home]
Book Value

Tangible Book Value:

Book Value



[Home]
Projected Earnings

Earnings Estimates
Earnings Estimates



[Home]
Research Reports

Click Here for Research Reports



[Home]
Analysts' Opinions

Analysts' Opinion 1
Analysts' Opinion 1
Analysts' Opinion 1
Analysts' Opinion 1
Analysts' Opinion 2



[Home]
Insider Activity

Insiders Chart Insider Trades
Insider Trades
Executive Compensation Executive Compensation



[Home]
Institutional Activity

Institutional Orders to Buy or Sell:

institutions 1
Ownership:

institutions 2


[Home]
Sentiment

sentiment

Zenith uses the "sentiment" score above or below 50 to award a positive or negative point in the Decision Matrix.

sentiment sentiment sentiment



[Home]
Short Interest Ratio

As the short interest rises as a percentage of average daily share volume (Days to Cover), this is considered a measure of negative sentiment. Similarly, a decrease in that percentage is considered positive sentiment.

short interest short interest


[Home]
Standard & Poor's

S&P Stock Report (Requires Adobe Acrobat Reader)



[Home]
Management's Discussion of Results of Operations Excerpts

Click Here for Management's Discussion Excerpts



[Home]
Moving Average Chart



[Home]
Right Time Study



[Home]
Channeling Potential

 
The summary below includes a value for `Degree,' which refers on a
scale of 1 to 10 the range of a channel in the period under consi-
deration compared to the total range of price movement. It also looks
for the last closing price to be within the channel, otherwise zeroed.
The `Index' is the `Degree' weighted for volatility.  Generally, the
the higher the index, the more suitable is the stock for trading as
a `rolling stock' between channel high and low points.

Results for ELECTRO SCIENTIFIC INDUSTRIES:
Symbol? ESIO
Total Months Available:  25
       Months in Cycle?   4

Months Covered by Periods:  12

Period 1           Period 2          Period 3
   H1      L1        H2      L2        H3      L3
   7.17    5.03      9.20    6.17     24.15    8.41

RANGE   =  24.15  TO    5.03            Close =  24.39
CHANNEL =   8.41  TO    7.17           Degree =   1
Volatility =   5.08%                    Index =   0
Channel Chart



[Home]
MACD Histogram Divergence

The theory is that connecting the two most recent peaks or valleys of the MACD histogram will signal the direction of the next major move.



[Home]
Intraday Chart

2 Days:



[Home]
Val Idea

2 out of 8 favorable, (negative opinion.)

Val Idea


[Home]
Stock Consultant

Stock Consultant Stock Consultant



[Home]
Point & Figure Chart

P & F Chart


[Home]
Wall Street Analyzer





[Home]
Marketspace Chart

Marketspace Chart



[Home]
Time Series Forecast

Time Series 1 Time Series 2


[Home]
Neural Network Prediction

"Neurostock" can only track long trades. Therefore its performance, as tracked by itself on stocks which are consistently falling, may not appear as good as it could if each "sell" signal were a "short sale."

Neural Chart
Heading
Neural Trades Neural Prediction



[Home]
Ultimate Trading Systems

3 out of 3 of the ultimate systems favor an upmove.


System Below:
Short term outlook: Positive: Bright Green, Negative: Bright Red
Long term outlook: Postive: Dark Green, Negative: Dark Red.




[Home]
Recommendation

Decision Weighting Factors
FactorsWeighted Points
News + 1
Comparison - 1
Industry + 1
Bond Issue 0
Zenith Index - 1
Non-GAAP vs. GAAP Earnings + 1
Cash Flow - 1
Average to Current P/E - 1
Ratios + 1
Market Grader - 1
Intrinsic Value DCF + 1
Tangible Book Value - 1
Projected Earnings + 1
Research Reports - 1
Analysts + 1
Executive Perquisites + 1
Insider Activity - 1
Institutional Activity + 1
Management Reporting + 1
Short Interest - 1
Sentiment + 1
Standard & Poor's + 1
Moving Average + 1
Right Time Study + 1
MACD Histogram Divergence + 1
Val Idea - 1
Stock Consultant - 1
Point & Figure + 1
Wall Street Analyzer + 1
Marketspace Chart + 1
Time Series Chart - 1
Neural Network - 1
Stock Options + 1
Ultimate Trading Systems + 1
Total + 7
Place 1,260 shares of Electro Scientific Industries, Inc. (ESIO) on the Active List.