Cohu, Inc. COHU is set to report first-quarter 2021 results on Apr 29.The company expects first-quarter 2021 sales to be between $212 million and $232 million. The Zacks Consensus Estimate for first-quarter revenues is pegged at $223.5 million, indicating growth of 60.8% from the year-ago quarter.The Zacks Consensus Estimate for first-quarter earnings has remained steady at 79 cents per share over the past 30 days.Cohu, Inc. Price and EPS Surprise Cohu, Inc. price-eps-surprise | Cohu, Inc. QuoteFactors to NoteContinued demand for equipment used in testing mobility semiconductor applications, data centers and personal computers is expected to reflect on Cohu’s first-quarter 2021 results, driven by the accelerated ramp up of RedDragon RF module for testing 5G, Wi-Fi 6 and UltraWideband devices, and new customers for Neon inspection platform.Cohu is a global leader in back-end semiconductor equipment and services, delivering leading-edge solutions for the manufacturing of semiconductors and printed circuit boards.Improving demand from semiconductor, automotive and industrial customers and orders for PCB test equipment bodes well for the company’s top-line growth in the to-be reported quarter.Moreover, increasing demand for its semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems in the wireless mobility market are expected to remain key growth drivers.Moreover, shortage in auto chip supply is expected to increase capacity that bodes well for Cohu, which has a strong presence in the EV and ADAS market segments.Key Development in Q1On Mar 23, the company announced prepaying $100 million of its term loan B (TLB) facility. As a result of this prepayment, Cohu reduced the outstanding principal of its TLB to approximately $206 million.What Our Model SaysAccording to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.Cohu has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Stocks to ConsiderHere are a few companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases:Atlassian Corporation PLC TEAM has an Earnings ESP of +24.48% and is Zacks #2 Ranked. You can see the complete list of today’s Zacks #1 Rank stocks here.CDW Corporation CDW has an Earnings ESP of +0.51% and a Zacks Rank #2.Etsy, Inc. ETSY has an Earnings ESP of +1.19% and a Zacks Rank #3.Time to Invest in Legal MarijuanaIf you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cohu, Inc. (COHU): Free Stock Analysis Report Etsy, Inc. (ETSY): Free Stock Analysis Report Atlassian Corporation PLC (TEAM): Free Stock Analysis Report CDW Corporation (CDW): Free Stock Analysis Report To read this article on Zacks.com click here.