The latest buying and selling session ended with Axcelis Applied sciences (ACLS) standing at $95.38, reflecting a +0.62% shift from the previouse buying and selling day’s closing. The inventory trailed the S&P 500, which registered a every day acquire of 0.87%. Elsewhere, the Dow noticed an upswing of 0.67%, whereas the tech-heavy Nasdaq appreciated by 1.11%.
Heading into right this moment, shares of the semiconductor companies firm had misplaced 15.86% over the previous month, lagging the Laptop and Expertise sector’s lack of 5.98% and the S&P 500’s lack of 3.97% in that point.
Traders will probably be eagerly looking ahead to the efficiency of Axcelis Applied sciences in its upcoming earnings disclosure. The corporate’s earnings report is about to be unveiled on Might 1, 2024. The corporate’s earnings per share (EPS) are projected to be $1.26, reflecting a 11.89% lower from the identical quarter final yr. On the identical time, our most up-to-date consensus estimate is projecting a income of $242.55 million, reflecting a 4.52% fall from the equal quarter final yr.
For the total yr, the Zacks Consensus Estimates challenge earnings of $6.88 per share and a income of $1.12 billion, demonstrating adjustments of -7.4% and -0.69%, respectively, from the previous yr.
Any current adjustments to analyst estimates for Axcelis Applied sciences also needs to be famous by buyers. These newest changes usually mirror the shifting dynamics of short-term enterprise patterns. Because of this, upbeat adjustments in estimates point out analysts’ favorable outlook on the corporate’s enterprise well being and profitability.
Analysis signifies that these estimate revisions are instantly correlated with near-term share worth momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate adjustments under consideration and delivers a transparent, actionable ranking mannequin.
Starting from #1 (Sturdy Purchase) to #5 (Sturdy Promote), the Zacks Rank system has a confirmed, outside-audited monitor document of outperformance, with #1 shares returning a mean of +25% yearly since 1988. Over the past 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Presently, Axcelis Applied sciences is carrying a Zacks Rank of #3 (Maintain).
Traders also needs to notice Axcelis Applied sciences’s present valuation metrics, together with its Ahead P/E ratio of 13.79. This signifies a reduction compared to the typical Ahead P/E of 23.83 for its business.
Traders also needs to notice that ACLS has a PEG ratio of 1.02 proper now. The PEG ratio is akin to the generally utilized P/E ratio, however this measure additionally incorporates the corporate’s anticipated earnings development price. The Electronics – Manufacturing Equipment business had a mean PEG ratio of two.29 as buying and selling concluded yesterday.
The Electronics – Manufacturing Equipment business is a part of the Laptop and Expertise sector. This group has a Zacks Business Rank of 170, placing it within the backside 33% of all 250+ industries.
The Zacks Business Rank assesses the vigor of our particular business teams by computing the typical Zacks Rank of the person shares included within the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
Keep in mind to use Zacks.com to observe these and extra stock-moving metrics through the upcoming buying and selling classes.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
