In the latest trading session, Aehr Test Systems (AEHR - Free Report) closed at $16.58, marking a -0.9% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.02%. On the other hand, the Dow registered a loss of 1.04%, and the technology-centric Nasdaq decreased by 1.65%.
Heading into today, shares of the company had gained 13.81% over the past month, outpacing the Computer and Technology sector's gain of 3.72% and the S&P 500's gain of 3.64% in that time.
Investors will be eagerly watching for the performance of Aehr Test Systems in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.17, showcasing a 6.25% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $14.7 million, indicating a 14.58% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.80 per share and revenue of $75.2 million, indicating changes of +35.59% and +15.76%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Aehr Test Systems. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Aehr Test Systems possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Aehr Test Systems is currently trading at a Forward P/E ratio of 20.91. Its industry sports an average Forward P/E of 24.51, so one might conclude that Aehr Test Systems is trading at a discount comparatively.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 58, placing it within the top 24% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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In the latest trading session, Aehr Test Systems (AEHR - Free Report) closed at $16.58, marking a -0.9% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.02%. On the other hand, the Dow registered a loss of 1.04%, and the technology-centric Nasdaq decreased by 1.65%.
Heading into today, shares of the company had gained 13.81% over the past month, outpacing the Computer and Technology sector's gain of 3.72% and the S&P 500's gain of 3.64% in that time.
Investors will be eagerly watching for the performance of Aehr Test Systems in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.17, showcasing a 6.25% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $14.7 million, indicating a 14.58% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.80 per share and revenue of $75.2 million, indicating changes of +35.59% and +15.76%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Aehr Test Systems. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Aehr Test Systems possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Aehr Test Systems is currently trading at a Forward P/E ratio of 20.91. Its industry sports an average Forward P/E of 24.51, so one might conclude that Aehr Test Systems is trading at a discount comparatively.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 58, placing it within the top 24% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
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