Within the newest buying and selling session, Axcelis Applied sciences (ACLS) closed at $58.47, marking a +0.52% transfer from the day past. This alteration lagged the S&P 500’s 2.13% acquire on the day. On the identical time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 2.61%.
Shares of the semiconductor companies firm have depreciated by 6.15% over the course of the previous month, outperforming the Laptop and Expertise sector’s lack of 13.29% and the S&P 500’s lack of 9.57%.
Traders might be eagerly expecting the efficiency of Axcelis Applied sciences in its upcoming earnings disclosure. It’s anticipated that the corporate will report an EPS of $0.39, marking a 75.16% fall in comparison with the identical quarter of the earlier yr. Within the meantime, our present consensus estimate forecasts the income to be $184.65 million, indicating a 26.83% decline in comparison with the corresponding quarter of the prior yr.
Concerning your entire yr, the Zacks Consensus Estimates forecast earnings of $2.55 per share and income of $808.8 million, indicating modifications of -58.54% and -20.54%, respectively, in comparison with the earlier yr.
It is also essential for buyers to pay attention to any current modifications to analyst estimates for Axcelis Applied sciences. These revisions usually mirror the most recent short-term enterprise tendencies, which may change regularly. Consequently, we are able to interpret optimistic estimate revisions as a superb signal for the corporate’s enterprise outlook.
Our analysis means that these modifications in estimates have a direct relationship with upcoming inventory worth efficiency. To use this, we have fashioned the Zacks Rank, a quantitative mannequin that features these estimate modifications and presents a viable score system.
Starting from #1 (Sturdy Purchase) to #5 (Sturdy Promote), the Zacks Rank system has a confirmed, outside-audited observe report of outperformance, with #1 shares returning a median of +25% yearly since 1988. Over the previous month, the Zacks Consensus EPS estimate has shifted 19.05% downward. Axcelis Applied sciences is at present sporting a Zacks Rank of #5 (Sturdy Promote).
By way of valuation, Axcelis Applied sciences is presently being traded at a Ahead P/E ratio of twenty-two.81. Its business sports activities a median Ahead P/E of 23.89, so one may conclude that Axcelis Applied sciences is buying and selling at a reduction comparatively.
One ought to additional notice that ACLS at present holds a PEG ratio of 4.16. The PEG ratio is akin to the generally utilized P/E ratio, however this measure additionally incorporates the corporate’s anticipated earnings progress charge. By the top of yesterday’s buying and selling, the Electronics – Manufacturing Equipment business had a median PEG ratio of 1.05.
The Electronics – Manufacturing Equipment business is a part of the Laptop and Expertise sector. At current, this business carries a Zacks Business Rank of 244, inserting it inside the backside 3% of over 250 industries.
The power of our particular person business teams is measured by the Zacks Business Rank, which is calculated primarily based on the typical Zacks Rank of the person shares inside these teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
Guarantee to harness Zacks.com to remain up to date with all these stock-shifting metrics, amongst others, within the subsequent buying and selling periods.
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Axcelis Technologies, Inc. (ACLS) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
