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Can Healthy Revenue Growth Aid Axcelis (ACLS) Q2 Earnings?
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Axcelis Technologies, Inc (ACLS - Free Report) is scheduled to report second-quarter 2022 results on Aug 3, after the market closes. In the last reported quarter, the company delivered an earnings surprise of 32.6%. It pulled off a trailing four-quarter earnings surprise of 23.5%, on average.
The Beverly, MA-based semiconductor company is expected to have recorded year-over-year higher revenues due to an increase in system sales.
In the second quarter, Axcelis announced multiple shipments of Purion H200 Si and SiC Power Series Implanters. The increase of automotive power device content is particularly fueling high growth in the power market. The Purion product portfolio is positioned uniquely to cover all current and emerging implant applications for this market segment. For 2022, the company expects the power device segment to account for between 30% and 40% of their system sales and expects continued growth in this segment.
In the second quarter, the company announced a manufacturing ramp at the new Asia operations center in Pyeongtaek-Si, Gyeonggi-Do, Korea. This state-of-the-art manufacturing and engineering facility will expand the company’s footprint across all of Asia. The facility will also provide significant employment opportunities across a range of functions ranging from manufacturing to engineering, supply chain management, engineering and software development.
For the June quarter, the Zacks Consensus Estimate for total revenues is pegged at $213 million, which indicates growth of 44.9% from the year-ago quarter’s reported figure. The consensus estimate for adjusted earnings per share stands at $1.03, suggesting an increase of 87.3% year over year.
What Our Model Says
Our proven model predicts an earnings beat for ACLS this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is just the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Axcelis’ Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, stands at +2.44% with the former pegged at $1.05 and the latter at $1.03.
Zacks Rank: It currently carries a Zacks Rank #2.
Other Stocks to Consider
Here are some other companies that you may want to consider, as our model shows that these too have the right combination of elements to post an earnings beat this quarter:
United States Cellular Corporation (USM - Free Report) is slated to release second-quarter 2022 results on Aug 4. United States Cellular has an Earnings ESP of +15.72% and sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
New Fortress Energy Inc. (NFE - Free Report) has an Earnings ESP of +7.44% and sports a Zacks Rank #1. New Fortress Energy is set to report second-quarter 2022 results on Aug 4.
Lumen Technologies, Inc. (LUMN - Free Report) is scheduled to release second-quarter 2022 results on Aug 3. Lumen Technologies has an Earnings ESP of +1.73% and sports a Zacks Rank #1.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Can Healthy Revenue Growth Aid Axcelis (ACLS) Q2 Earnings?
Axcelis Technologies, Inc (ACLS - Free Report) is scheduled to report second-quarter 2022 results on Aug 3, after the market closes. In the last reported quarter, the company delivered an earnings surprise of 32.6%. It pulled off a trailing four-quarter earnings surprise of 23.5%, on average.
The Beverly, MA-based semiconductor company is expected to have recorded year-over-year higher revenues due to an increase in system sales.
Axcelis Technologies, Inc. Price and EPS Surprise
Axcelis Technologies, Inc. price-eps-surprise | Axcelis Technologies, Inc. Quote
Factors at Play
In the second quarter, Axcelis announced multiple shipments of Purion H200 Si and SiC Power Series Implanters. The increase of automotive power device content is particularly fueling high growth in the power market. The Purion product portfolio is positioned uniquely to cover all current and emerging implant applications for this market segment. For 2022, the company expects the power device segment to account for between 30% and 40% of their system sales and expects continued growth in this segment.
In the second quarter, the company announced a manufacturing ramp at the new Asia operations center in Pyeongtaek-Si, Gyeonggi-Do, Korea. This state-of-the-art manufacturing and engineering facility will expand the company’s footprint across all of Asia. The facility will also provide significant employment opportunities across a range of functions ranging from manufacturing to engineering, supply chain management, engineering and software development.
For the June quarter, the Zacks Consensus Estimate for total revenues is pegged at $213 million, which indicates growth of 44.9% from the year-ago quarter’s reported figure. The consensus estimate for adjusted earnings per share stands at $1.03, suggesting an increase of 87.3% year over year.
What Our Model Says
Our proven model predicts an earnings beat for ACLS this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is just the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Axcelis’ Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, stands at +2.44% with the former pegged at $1.05 and the latter at $1.03.
Zacks Rank: It currently carries a Zacks Rank #2.
Other Stocks to Consider
Here are some other companies that you may want to consider, as our model shows that these too have the right combination of elements to post an earnings beat this quarter:
United States Cellular Corporation (USM - Free Report) is slated to release second-quarter 2022 results on Aug 4. United States Cellular has an Earnings ESP of +15.72% and sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
New Fortress Energy Inc. (NFE - Free Report) has an Earnings ESP of +7.44% and sports a Zacks Rank #1. New Fortress Energy is set to report second-quarter 2022 results on Aug 4.
Lumen Technologies, Inc. (LUMN - Free Report) is scheduled to release second-quarter 2022 results on Aug 3. Lumen Technologies has an Earnings ESP of +1.73% and sports a Zacks Rank #1.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.