The newest buying and selling session noticed Axcelis Applied sciences (ACLS) ending at $86.09, denoting a +0.91% adjustment from its final day’s shut. The inventory’s change was greater than the S&P 500’s every day achieve of 0.41%. Elsewhere, the Dow noticed an upswing of 0.69%, whereas the tech-heavy Nasdaq appreciated by 0.8%.
The semiconductor providers firm’s inventory has dropped by 14.36% prior to now month, falling wanting the Pc and Expertise sector’s lack of 0.01% and the S&P 500’s lack of 0.97%.
The upcoming earnings launch of Axcelis Applied sciences will probably be of nice curiosity to buyers. The corporate’s earnings report is anticipated on November 6, 2024. On that day, Axcelis Applied sciences is projected to report earnings of $1.43 per share, which might characterize a year-over-year decline of 28.14%. In the meantime, our newest consensus estimate is asking for income of $255.1 million, down 12.74% from the prior-year quarter.
For the total yr, the Zacks Consensus Estimates are projecting earnings of $6.05 per share and income of $1.02 billion, which might characterize adjustments of -18.57% and -9.38%, respectively, from the prior yr.
Traders may also discover current adjustments to analyst estimates for Axcelis Applied sciences. These revisions usually mirror the newest short-term enterprise traits, which might change regularly. Subsequently, optimistic revisions in estimates convey analysts’ confidence within the firm’s enterprise efficiency and revenue potential.
Our analysis reveals that these estimate alterations are instantly linked with the inventory worth efficiency within the close to future. To benefit from this, we have established the Zacks Rank, an unique mannequin that considers these estimated adjustments and delivers an operational score system.
The Zacks Rank system, stretching from #1 (Sturdy Purchase) to #5 (Sturdy Promote), has a noteworthy monitor file of outperforming, validated by third-party audits, with shares rated #1 producing a median annual return of +25% for the reason that yr 1988. Over the previous month, the Zacks Consensus EPS estimate remained stagnant. Proper now, Axcelis Applied sciences possesses 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 14.11. This valuation marks a reduction in comparison with its business’s common Ahead P/E of 21.94.
We will moreover observe that ACLS at present boasts a PEG ratio of two.57. The PEG ratio is akin to the generally utilized P/E ratio, however this measure additionally incorporates the corporate’s anticipated earnings development fee. As of the shut of commerce yesterday, the Electronics – Manufacturing Equipment business held a median PEG ratio of 1.41.
The Electronics – Manufacturing Equipment business is a part of the Pc and Expertise sector. With its present Zacks Trade Rank of 74, this business ranks within the high 30% of all industries, numbering over 250.
The Zacks Trade Rank assesses the power of our separate business teams by calculating the typical Zacks Rank of the person shares contained throughout the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
Remember to depend on Zacks.com to look at all these stock-impacting metrics, and extra, within the succeeding buying and selling classes.
Zacks’ Analysis Chief Names “Inventory Most Prone to Double”
Our workforce of specialists has simply launched the 5 shares with the best likelihood of gaining +100% or extra within the coming months. Of these 5, Director of Analysis Sheraz Mian highlights the one inventory set to climb highest.
This high choose is among the many most revolutionary monetary corporations. With a fast-growing buyer base (already 50+ million) and a various set of innovative options, this inventory is poised for giant good points. In fact, all our elite picks aren’t winners however this one might far surpass earlier Zacks’ Shares Set to Double like Nano-X Imaging which shot up +129.6% in little greater than 9 months.
Free: See Our Top Stock And 4 Runners Up
Axcelis Technologies, Inc. (ACLS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
