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Here's Why ACM Research, Inc. (ACMR) Fell More Than Broader Market
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In the latest trading session, ACM Research, Inc. (ACMR - Free Report) closed at $38.11, marking a -1.33% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.16%. Elsewhere, the Dow gained 0.44%, while the tech-heavy Nasdaq lost 0.76%.
Shares of the company have appreciated by 29.48% over the course of the past month, outperforming the Computer and Technology sector's gain of 3.34%, and the S&P 500's gain of 1.14%.
Investors will be eagerly watching for the performance of ACM Research, Inc. in its upcoming earnings disclosure. On that day, ACM Research, Inc. is projected to report earnings of $0.47 per share, which would represent a year-over-year decline of 25.4%. Meanwhile, the latest consensus estimate predicts the revenue to be $251.03 million, indicating a 23.07% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2 per share and revenue of $938.69 million. These totals would mark changes of -11.5% and +20.02%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ACM Research, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, ACM Research, Inc. is carrying a Zacks Rank of #3 (Hold).
Investors should also note ACM Research, Inc.'s current valuation metrics, including its Forward P/E ratio of 19.31. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 19.31.
The Semiconductor Equipment - Material Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 99, this industry ranks in the top 41% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Here's Why ACM Research, Inc. (ACMR) Fell More Than Broader Market
In the latest trading session, ACM Research, Inc. (ACMR - Free Report) closed at $38.11, marking a -1.33% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.16%. Elsewhere, the Dow gained 0.44%, while the tech-heavy Nasdaq lost 0.76%.
Shares of the company have appreciated by 29.48% over the course of the past month, outperforming the Computer and Technology sector's gain of 3.34%, and the S&P 500's gain of 1.14%.
Investors will be eagerly watching for the performance of ACM Research, Inc. in its upcoming earnings disclosure. On that day, ACM Research, Inc. is projected to report earnings of $0.47 per share, which would represent a year-over-year decline of 25.4%. Meanwhile, the latest consensus estimate predicts the revenue to be $251.03 million, indicating a 23.07% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2 per share and revenue of $938.69 million. These totals would mark changes of -11.5% and +20.02%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ACM Research, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, ACM Research, Inc. is carrying a Zacks Rank of #3 (Hold).
Investors should also note ACM Research, Inc.'s current valuation metrics, including its Forward P/E ratio of 19.31. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 19.31.
The Semiconductor Equipment - Material Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 99, this industry ranks in the top 41% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.