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ACM Research, Inc. (ACMR) Rises Higher Than Market: Key Facts
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ACM Research, Inc. (ACMR - Free Report) closed the most recent trading day at $40.46, moving +2.82% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.72%. Elsewhere, the Dow gained 0.48%, while the tech-heavy Nasdaq added 1.16%.
Coming into today, shares of the company had lost 23.65% in the past month. In that same time, the Computer and Technology sector lost 5.35%, while the S&P 500 lost 4.99%.
The upcoming earnings release of ACM Research, Inc. will be of great interest to investors. The company's upcoming EPS is projected at $0.16, signifying a 65.22% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $221.88 million, indicating a 28.74% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.7 per share and revenue of $1.14 billion, which would represent changes of +5.59% and +26.02%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for ACM Research, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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. ACM Research, Inc. presently features a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that ACM Research, Inc. has a Forward P/E ratio of 23.15 right now. This represents no noticeable deviation compared to its industry average Forward P/E of 23.15.
The Semiconductor Equipment - Material Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 1, positioning it in the top 1% of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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ACM Research, Inc. (ACMR) Rises Higher Than Market: Key Facts
ACM Research, Inc. (ACMR - Free Report) closed the most recent trading day at $40.46, moving +2.82% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.72%. Elsewhere, the Dow gained 0.48%, while the tech-heavy Nasdaq added 1.16%.
Coming into today, shares of the company had lost 23.65% in the past month. In that same time, the Computer and Technology sector lost 5.35%, while the S&P 500 lost 4.99%.
The upcoming earnings release of ACM Research, Inc. will be of great interest to investors. The company's upcoming EPS is projected at $0.16, signifying a 65.22% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $221.88 million, indicating a 28.74% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.7 per share and revenue of $1.14 billion, which would represent changes of +5.59% and +26.02%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for ACM Research, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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. ACM Research, Inc. presently features a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that ACM Research, Inc. has a Forward P/E ratio of 23.15 right now. This represents no noticeable deviation compared to its industry average Forward P/E of 23.15.
The Semiconductor Equipment - Material Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 1, positioning it in the top 1% of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.