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Here's Why ACM Research, Inc. (ACMR) Fell More Than Broader Market
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ACM Research, Inc. (ACMR - Free Report) closed the most recent trading day at $72.39, moving -1.95% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.59%. At the same time, the Dow lost 0.6%, and the tech-heavy Nasdaq lost 0.65%.
Heading into today, shares of the company had lost 9.14% over the past month, lagging the Computer and Technology sector's loss of 0.02% and the S&P 500's loss of 1.37%.
The upcoming earnings release of ACM Research, Inc. will be of great interest to investors. In that report, analysts expect ACM Research, Inc. to post earnings of $0.51 per share. This would mark year-over-year growth of 41.67%. Meanwhile, the latest consensus estimate predicts the revenue to be $308.99 million, indicating a 14.8% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.05 per share and a revenue of $1.17 billion, indicating changes of +27.33% and +29.5%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ACM Research, Inc. These revisions help to show the ever-changing nature of near-term business trends. 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 exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, ACM Research, Inc. holds a Zacks Rank of #1 (Strong Buy).
Looking at valuation, ACM Research, Inc. is presently trading at a Forward P/E ratio of 36.01. Its industry sports an average Forward P/E of 36.01, so one might conclude that ACM Research, Inc. is trading at no noticeable deviation comparatively.
The Semiconductor Equipment - Material Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 1, finds itself in the top 1% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Here's Why ACM Research, Inc. (ACMR) Fell More Than Broader Market
ACM Research, Inc. (ACMR - Free Report) closed the most recent trading day at $72.39, moving -1.95% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.59%. At the same time, the Dow lost 0.6%, and the tech-heavy Nasdaq lost 0.65%.
Heading into today, shares of the company had lost 9.14% over the past month, lagging the Computer and Technology sector's loss of 0.02% and the S&P 500's loss of 1.37%.
The upcoming earnings release of ACM Research, Inc. will be of great interest to investors. In that report, analysts expect ACM Research, Inc. to post earnings of $0.51 per share. This would mark year-over-year growth of 41.67%. Meanwhile, the latest consensus estimate predicts the revenue to be $308.99 million, indicating a 14.8% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.05 per share and a revenue of $1.17 billion, indicating changes of +27.33% and +29.5%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ACM Research, Inc. These revisions help to show the ever-changing nature of near-term business trends. 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 exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, ACM Research, Inc. holds a Zacks Rank of #1 (Strong Buy).
Looking at valuation, ACM Research, Inc. is presently trading at a Forward P/E ratio of 36.01. Its industry sports an average Forward P/E of 36.01, so one might conclude that ACM Research, Inc. is trading at no noticeable deviation comparatively.
The Semiconductor Equipment - Material Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 1, finds itself in the top 1% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.