Axcelis Technologies (ACLS) closed the most recent trading day at $173.28, moving +1.63% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.62%. At the same time, the Dow added 0.5%, and the tech-heavy Nasdaq lost 5.66%.
Coming into today, shares of the semiconductor services company had gained 35.06% in the past month. In that same time, the Computer and Technology sector gained 9.07%, while the S&P 500 gained 3.44%.
Wall Street will be looking for positivity from Axcelis Technologies as it approaches its next earnings report date. The company is expected to report EPS of $1.46, up 10.61% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $256 million, up 15.74% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.47 per share and revenue of $1.04 billion, which would represent changes of +18.5% and +12.5%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Axcelis Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.52% higher. Axcelis Technologies is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Axcelis Technologies is holding a Forward P/E ratio of 26.34. Its industry sports an average Forward P/E of 26.34, so we one might conclude that Axcelis Technologies is trading at a no noticeable deviation comparatively.
The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 113, putting it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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