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ACM Research, Inc. (ACMR) Suffers a Larger Drop Than the General Market: Key Insights
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In the latest trading session, ACM Research, Inc. (ACMR - Free Report) closed at $40.46, marking a -3.16% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.38%. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq lost 0.67%.
Heading into today, shares of the company had gained 54.91% over the past month, outpacing the Computer and Technology sector's gain of 7.44% and the S&P 500's gain of 4.06%.
The investment community will be paying close attention to the earnings performance of ACM Research, Inc. in its upcoming release. The company is forecasted to report an EPS of $0.47, showcasing a 25.4% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $252.86 million, indicating a 23.96% increase compared to the same quarter of the previous year.
ACMR's full-year Zacks Consensus Estimates are calling for earnings of $2 per share and revenue of $917.26 million. These results would represent year-over-year changes of -11.5% and +17.28%, respectively.
Investors should also note any recent changes to analyst estimates for ACM Research, Inc. 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 business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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 remained stagnant. At present, ACM Research, Inc. boasts a Zacks Rank of #3 (Hold).
With respect to valuation, ACM Research, Inc. is currently being traded at a Forward P/E ratio of 20.89. This represents no noticeable deviation compared to its industry average Forward P/E of 20.89.
The Semiconductor Equipment - Material Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 93, placing it within the top 38% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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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ACM Research, Inc. (ACMR) Suffers a Larger Drop Than the General Market: Key Insights
In the latest trading session, ACM Research, Inc. (ACMR - Free Report) closed at $40.46, marking a -3.16% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.38%. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq lost 0.67%.
Heading into today, shares of the company had gained 54.91% over the past month, outpacing the Computer and Technology sector's gain of 7.44% and the S&P 500's gain of 4.06%.
The investment community will be paying close attention to the earnings performance of ACM Research, Inc. in its upcoming release. The company is forecasted to report an EPS of $0.47, showcasing a 25.4% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $252.86 million, indicating a 23.96% increase compared to the same quarter of the previous year.
ACMR's full-year Zacks Consensus Estimates are calling for earnings of $2 per share and revenue of $917.26 million. These results would represent year-over-year changes of -11.5% and +17.28%, respectively.
Investors should also note any recent changes to analyst estimates for ACM Research, Inc. 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 business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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 remained stagnant. At present, ACM Research, Inc. boasts a Zacks Rank of #3 (Hold).
With respect to valuation, ACM Research, Inc. is currently being traded at a Forward P/E ratio of 20.89. This represents no noticeable deviation compared to its industry average Forward P/E of 20.89.
The Semiconductor Equipment - Material Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 93, placing it within the top 38% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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.