Axcelis Applied sciences (ACLS) closed at $69.47 within the newest buying and selling session, marking a +0.42% transfer from the prior day. The inventory fell wanting the S&P 500, which registered a achieve of 1.09% for the day. Then again, the Dow registered a achieve of 1.18%, and the technology-centric Nasdaq elevated by 1.03%.
Previous to immediately’s buying and selling, shares of the semiconductor providers firm had misplaced 5.6% over the previous month. This has lagged the Pc and Expertise sector’s achieve of 1.8% and the S&P 500’s lack of 0.71% in that point.
Market contributors can be intently following the monetary outcomes of Axcelis Applied sciences in its upcoming launch. It’s anticipated that the corporate will report an EPS of $1.25, marking a 41.86% fall in comparison with the identical quarter of the earlier yr. Concurrently, our newest consensus estimate expects the income to be $244.9 million, exhibiting a 21.07% drop in comparison with the year-ago quarter.
When it comes to the complete fiscal yr, the Zacks Consensus Estimates predict earnings of $5.86 per share and a income of $1.01 billion, indicating adjustments of -21.13% and -10.63%, respectively, from the previous yr.
Buyers must also pay attention to any latest changes to analyst estimates for Axcelis Applied sciences. These revisions sometimes mirror the most recent short-term enterprise tendencies, which may change regularly. With this in thoughts, we are able to think about constructive estimate revisions an indication of optimism concerning the firm’s enterprise outlook.
Our analysis demonstrates that these changes in estimates straight affiliate with imminent inventory value efficiency. To capitalize on this, we have crafted the Zacks Rank, a singular mannequin that comes with these estimate adjustments and gives a sensible ranking system.
The Zacks Rank system, stretching from #1 (Robust Purchase) to #5 (Robust Promote), has a noteworthy monitor report of outperforming, validated by third-party audits, with shares rated #1 producing a mean annual return of +25% for the reason that yr 1988. Throughout the previous 30 days, our consensus EPS projection remained stagnant. As of now, Axcelis Applied sciences holds a Zacks Rank of #5 (Robust Promote).
With respect to valuation, Axcelis Applied sciences is presently being traded at a Ahead P/E ratio of 11.81. For comparability, its trade has a mean Ahead P/E of twenty-two.66, which implies Axcelis Applied sciences is buying and selling at a reduction to the group.
One ought to additional word that ACLS presently holds a PEG ratio of two.16. The PEG ratio is much like the widely-used P/E ratio, however this metric additionally takes the corporate’s anticipated earnings development fee into consideration. The Electronics – Manufacturing Equipment trade presently had a mean PEG ratio of 1.61 as of yesterday’s shut.
The Electronics – Manufacturing Equipment trade is a part of the Pc and Expertise sector. This group has a Zacks Business Rank of 236, placing it within the backside 6% of all 250+ industries.
The Zacks Business Rank is ordered from finest to worst when it comes to the common Zacks Rank of the person firms inside every of those sectors. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
To observe ACLS within the coming buying and selling periods, be sure you make the most of Zacks.com.
Zacks Names #1 Semiconductor Inventory
It is just one/9,000th the dimensions of NVIDIA which skyrocketed greater than +800% since we beneficial it. NVIDIA continues to be robust, however our new high chip inventory has rather more room to growth.
With robust earnings development and an increasing buyer base, it is positioned to feed the rampant demand for Synthetic Intelligence, Machine Studying, and Web of Issues. World semiconductor manufacturing is projected to blow up from $452 billion in 2021 to $803 billion by 2028.
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Axcelis Technologies, Inc. (ACLS) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
