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Axcelis Technologies (ACLS) Stock Sinks As Market Gains: What You Should Know
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Axcelis Technologies (ACLS - Free Report) closed at $131.38 in the latest trading session, marking a -0.02% move from the prior day. This change lagged the S&P 500's 0.3% gain on the day. Meanwhile, the Dow gained 0.24%, and the Nasdaq, a tech-heavy index, added 0.34%.
Coming into today, shares of the semiconductor services company had gained 7.47% in the past month. In that same time, the Computer and Technology sector gained 5.82%, while the S&P 500 lost 1.21%.
Investors will be hoping for strength from Axcelis Technologies as it approaches its next earnings release. On that day, Axcelis Technologies is projected to report earnings of $1.16 per share, which would represent a year-over-year decline of 4.92%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $240 million, up 17.88% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.55 per share and revenue of $982.4 million. These totals would mark changes of +1.65% and +6.78%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Axcelis Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Axcelis Technologies is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Axcelis Technologies has a Forward P/E ratio of 23.68 right now. Its industry sports an average Forward P/E of 23.68, 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 industry currently has a Zacks Industry Rank of 231, which puts it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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Axcelis Technologies (ACLS) Stock Sinks As Market Gains: What You Should Know
Axcelis Technologies (ACLS - Free Report) closed at $131.38 in the latest trading session, marking a -0.02% move from the prior day. This change lagged the S&P 500's 0.3% gain on the day. Meanwhile, the Dow gained 0.24%, and the Nasdaq, a tech-heavy index, added 0.34%.
Coming into today, shares of the semiconductor services company had gained 7.47% in the past month. In that same time, the Computer and Technology sector gained 5.82%, while the S&P 500 lost 1.21%.
Investors will be hoping for strength from Axcelis Technologies as it approaches its next earnings release. On that day, Axcelis Technologies is projected to report earnings of $1.16 per share, which would represent a year-over-year decline of 4.92%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $240 million, up 17.88% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.55 per share and revenue of $982.4 million. These totals would mark changes of +1.65% and +6.78%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Axcelis Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Axcelis Technologies is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Axcelis Technologies has a Forward P/E ratio of 23.68 right now. Its industry sports an average Forward P/E of 23.68, 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 industry currently has a Zacks Industry Rank of 231, which puts it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.