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Axcelis Technologies (ACLS) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Axcelis Technologies (ACLS - Free Report) closed at $103.75 in the latest trading session, marking a -1.23% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.45%. Meanwhile, the Dow experienced a drop of 1.21%, and the technology-dominated Nasdaq saw a decrease of 0.01%.
The semiconductor services company's stock has dropped by 22.42% in the past month, falling short of the Computer and Technology sector's loss of 1.9% and the S&P 500's loss of 2.43%.
Investors will be eagerly watching for the performance of Axcelis Technologies in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.11, reflecting a 8.26% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $230.05 million, up 7.7% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.12 per share and revenue of $883.6 million. These totals would mark changes of -15.57% and +5.31%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Axcelis Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Axcelis Technologies is currently a Zacks Rank #3 (Hold).
Looking at valuation, Axcelis Technologies is presently trading at a Forward P/E ratio of 25.5. Its industry sports an average Forward P/E of 26.38, so one might conclude that Axcelis Technologies is trading at a discount comparatively.
It is also worth noting that ACLS currently has a PEG ratio of 2.64. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Electronics - Manufacturing Machinery industry currently had an average PEG ratio of 1.63 as of yesterday's close.
The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 23, this industry ranks in the top 10% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Axcelis Technologies (ACLS) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Axcelis Technologies (ACLS - Free Report) closed at $103.75 in the latest trading session, marking a -1.23% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.45%. Meanwhile, the Dow experienced a drop of 1.21%, and the technology-dominated Nasdaq saw a decrease of 0.01%.
The semiconductor services company's stock has dropped by 22.42% in the past month, falling short of the Computer and Technology sector's loss of 1.9% and the S&P 500's loss of 2.43%.
Investors will be eagerly watching for the performance of Axcelis Technologies in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.11, reflecting a 8.26% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $230.05 million, up 7.7% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.12 per share and revenue of $883.6 million. These totals would mark changes of -15.57% and +5.31%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Axcelis Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Axcelis Technologies is currently a Zacks Rank #3 (Hold).
Looking at valuation, Axcelis Technologies is presently trading at a Forward P/E ratio of 25.5. Its industry sports an average Forward P/E of 26.38, so one might conclude that Axcelis Technologies is trading at a discount comparatively.
It is also worth noting that ACLS currently has a PEG ratio of 2.64. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Electronics - Manufacturing Machinery industry currently had an average PEG ratio of 1.63 as of yesterday's close.
The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 23, this industry ranks in the top 10% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 follow all of these stock-moving metrics, and many more, on Zacks.com.