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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 $170.97 in the latest trading session, marking a -1.13% move from the prior day. This change lagged the S&P 500's 1.22% gain on the day. Elsewhere, the Dow gained 1.26%, while the tech-heavy Nasdaq added 4.63%.
Coming into today, shares of the semiconductor services company had gained 25.59% in the past month. In that same time, the Computer and Technology sector gained 12.34%, while the S&P 500 gained 6.22%.
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. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $256 million, up 15.74% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.47 per share and revenue of $1.04 billion. These totals would mark changes of +18.5% and +12.5%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Axcelis Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. 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. 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.
Digging into valuation, Axcelis Technologies currently has a Forward P/E ratio of 26.71. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 26.71.
The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 116, which puts it in the top 47% 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 $170.97 in the latest trading session, marking a -1.13% move from the prior day. This change lagged the S&P 500's 1.22% gain on the day. Elsewhere, the Dow gained 1.26%, while the tech-heavy Nasdaq added 4.63%.
Coming into today, shares of the semiconductor services company had gained 25.59% in the past month. In that same time, the Computer and Technology sector gained 12.34%, while the S&P 500 gained 6.22%.
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. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $256 million, up 15.74% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.47 per share and revenue of $1.04 billion. These totals would mark changes of +18.5% and +12.5%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Axcelis Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. 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. 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.
Digging into valuation, Axcelis Technologies currently has a Forward P/E ratio of 26.71. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 26.71.
The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 116, which puts it in the top 47% 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.