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Axcelis Technologies Hits 52-Week High on Solid Q4 & View
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Shares of Axcelis Technologies, Inc. (ACLS - Free Report) reached a new 52-week high of $16.95 during its trading session on Feb 6. This apex improved upon the last 52-week high of $16.75 on Feb 3.
Post the release of fourth-quarter 2016 results on Feb 1, 2017, shares of the company yielded 4.79% return, outperforming the gain of 3.38% seen by the Zacks categorized Electronics-Manufacturing Machinery industry.
On Feb 6, Axcelis Technologies closed its trading session at $16.35, yielding year-to-date return of roughly 12.4%. The trading volume for the session was 0.45 million shares. Positive earnings estimate revisions for 2017 and 2018, along with an expected earnings growth rate of 20% for the next five years indicate the stock’s potential for further price appreciation.
Growth Drivers
Axcelis Technologies’ financial performance has been impressive over the last four quarters, as evident from an average positive earnings surprise of 151.25%. In the recently reported fourth-quarter results, the company’s earnings of 13 cents per share surpassed the Zacks Consensus Estimate of 10 cents by 30%.
In 2017, Axcelis Technologies anticipates benefiting from a solid product portfolio, supply chain optimization, value engineering and lean programs. For first-quarter 2017, the company predicts revenues to be roughly $80 million, gross margin to be 39% and earnings to be within 20−24 cents per share range. The forecasts compare favorably with revenues of $69.4 million, gross margin of 38.9% and earnings of 13 cents recorded in the reported quarter.
Estimate Revisions Show Potency
Over the last seven days, the Zacks Consensus Estimate for Axcelis Technologies grew 7.9% to 96 cents per share for 2017 and 4.9% to $1.71 for 2018. The earnings estimates represent year-over-year growth of 166.7% for 2017 and 78.1% for 2018.
With a market capitalization of $480.2 million, Axcelis Technologies currently sports a Zacks Rank #1 (Strong Buy). Other stocks worth considering in the industry include Brooks Automation, Inc. , MKS Instruments, Inc. (MKSI - Free Report) and Ultra Clean Holdings, Inc. (UCTT - Free Report) . All these stocks sport a Zacks Rank #1. You can seethe complete list of today’s Zacks #1 Rank stocks here.
Brooks Automation, Inc.’s earnings estimates for fiscal 2017 and fiscal 2018 have been revised upward over the last 60 days. Earnings surprise in the last four quarters was a positive 38.69%.
MKS Instruments, Inc. reported better-than-expected results in the last four quarters, with a positive average earnings surprise of 21.54%. Also, bottom-line expectations for 2017 and 2018 improved over the past 60 days.
Ultra Clean Holdings, Inc.’s earnings estimates for 2017 improved over the last 60 days. Its financial performance has been impressive in the last quarter, with a positive earnings surprise of 41.67%.
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Axcelis Technologies Hits 52-Week High on Solid Q4 & View
Shares of Axcelis Technologies, Inc. (ACLS - Free Report) reached a new 52-week high of $16.95 during its trading session on Feb 6. This apex improved upon the last 52-week high of $16.75 on Feb 3.
Post the release of fourth-quarter 2016 results on Feb 1, 2017, shares of the company yielded 4.79% return, outperforming the gain of 3.38% seen by the Zacks categorized Electronics-Manufacturing Machinery industry.
On Feb 6, Axcelis Technologies closed its trading session at $16.35, yielding year-to-date return of roughly 12.4%. The trading volume for the session was 0.45 million shares. Positive earnings estimate revisions for 2017 and 2018, along with an expected earnings growth rate of 20% for the next five years indicate the stock’s potential for further price appreciation.
Growth Drivers
Axcelis Technologies’ financial performance has been impressive over the last four quarters, as evident from an average positive earnings surprise of 151.25%. In the recently reported fourth-quarter results, the company’s earnings of 13 cents per share surpassed the Zacks Consensus Estimate of 10 cents by 30%.
In 2017, Axcelis Technologies anticipates benefiting from a solid product portfolio, supply chain optimization, value engineering and lean programs. For first-quarter 2017, the company predicts revenues to be roughly $80 million, gross margin to be 39% and earnings to be within 20−24 cents per share range. The forecasts compare favorably with revenues of $69.4 million, gross margin of 38.9% and earnings of 13 cents recorded in the reported quarter.
Estimate Revisions Show Potency
Over the last seven days, the Zacks Consensus Estimate for Axcelis Technologies grew 7.9% to 96 cents per share for 2017 and 4.9% to $1.71 for 2018. The earnings estimates represent year-over-year growth of 166.7% for 2017 and 78.1% for 2018.
Axcelis Technologies, Inc. Price and Consensus
Axcelis Technologies, Inc. Price and Consensus | Axcelis Technologies, Inc. Quote
With a market capitalization of $480.2 million, Axcelis Technologies currently sports a Zacks Rank #1 (Strong Buy). Other stocks worth considering in the industry include Brooks Automation, Inc. , MKS Instruments, Inc. (MKSI - Free Report) and Ultra Clean Holdings, Inc. (UCTT - Free Report) . All these stocks sport a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Brooks Automation, Inc.’s earnings estimates for fiscal 2017 and fiscal 2018 have been revised upward over the last 60 days. Earnings surprise in the last four quarters was a positive 38.69%.
MKS Instruments, Inc. reported better-than-expected results in the last four quarters, with a positive average earnings surprise of 21.54%. Also, bottom-line expectations for 2017 and 2018 improved over the past 60 days.
Ultra Clean Holdings, Inc.’s earnings estimates for 2017 improved over the last 60 days. Its financial performance has been impressive in the last quarter, with a positive earnings surprise of 41.67%.
Just Released – Driverless Cars: Your Roadmap to Mega-Profits Today
In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>