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Axcelis Technologies (ACLS) Declines More Than Market: Some Information for Investors
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In the latest close session, Axcelis Technologies (ACLS - Free Report) was down 3.03% at $115.56. The stock fell short of the S&P 500, which registered a loss of 0.48% for the day. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, lost 0.64%.
Shares of the semiconductor services company witnessed a loss of 11.96% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 0.4%, and the S&P 500's loss of 0.97%.
Market participants will be closely following the financial results of Axcelis Technologies in its upcoming release. In that report, analysts expect Axcelis Technologies to post earnings of $1.11 per share. This would mark a year-over-year decline of 8.26%. Simultaneously, our latest consensus estimate expects the revenue to be $230.05 million, showing a 7.7% escalation compared to the year-ago quarter.
ACLS's full-year Zacks Consensus Estimates are calling for earnings of $4.12 per share and revenue of $883.6 million. These results would represent year-over-year changes of -15.57% and +5.31%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Axcelis Technologies. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Axcelis Technologies holds a Zacks Rank of #3 (Hold).
In the context of valuation, Axcelis Technologies is at present trading with a Forward P/E ratio of 28.92. Its industry sports an average Forward P/E of 29.66, so one might conclude that Axcelis Technologies is trading at a discount comparatively.
Meanwhile, ACLS's PEG ratio is currently 2.99. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Electronics - Manufacturing Machinery industry stood at 1.85 at the close of the market yesterday.
The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 24, finds itself in the top 10% echelons of all 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Axcelis Technologies (ACLS) Declines More Than Market: Some Information for Investors
In the latest close session, Axcelis Technologies (ACLS - Free Report) was down 3.03% at $115.56. The stock fell short of the S&P 500, which registered a loss of 0.48% for the day. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, lost 0.64%.
Shares of the semiconductor services company witnessed a loss of 11.96% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 0.4%, and the S&P 500's loss of 0.97%.
Market participants will be closely following the financial results of Axcelis Technologies in its upcoming release. In that report, analysts expect Axcelis Technologies to post earnings of $1.11 per share. This would mark a year-over-year decline of 8.26%. Simultaneously, our latest consensus estimate expects the revenue to be $230.05 million, showing a 7.7% escalation compared to the year-ago quarter.
ACLS's full-year Zacks Consensus Estimates are calling for earnings of $4.12 per share and revenue of $883.6 million. These results would represent year-over-year changes of -15.57% and +5.31%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Axcelis Technologies. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Axcelis Technologies holds a Zacks Rank of #3 (Hold).
In the context of valuation, Axcelis Technologies is at present trading with a Forward P/E ratio of 28.92. Its industry sports an average Forward P/E of 29.66, so one might conclude that Axcelis Technologies is trading at a discount comparatively.
Meanwhile, ACLS's PEG ratio is currently 2.99. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Electronics - Manufacturing Machinery industry stood at 1.85 at the close of the market yesterday.
The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 24, finds itself in the top 10% echelons of all 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.
You can find more information on all of these metrics, and much more, on Zacks.com.