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Axcelis Technologies (ACLS) Stock Moves 2.29%: What You Should Know
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In the latest close session, Axcelis Technologies (ACLS - Free Report) was up +2.29% at $115.74. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, added 0.45%.
Shares of the semiconductor services company have depreciated by 8.37% over the course of the past month, underperforming the Computer and Technology sector's gain of 6.18%, and the S&P 500's gain of 1.27%.
Market participants will be closely following the financial results of Axcelis Technologies in its upcoming release. The company is forecasted to report an EPS of $1.11, showcasing a 8.26% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $230.05 million, up 7.7% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.12 per share and a revenue of $883.6 million, indicating changes of -15.57% and +5.31%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Axcelis Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Axcelis Technologies is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Axcelis Technologies is holding a Forward P/E ratio of 27.46. This expresses a discount compared to the average Forward P/E of 28.47 of its industry.
It's also important to note that ACLS currently trades at a PEG ratio of 2.84. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Manufacturing Machinery industry currently had an average PEG ratio of 1.77 as of yesterday's close.
The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 10% 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.
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) Stock Moves 2.29%: What You Should Know
In the latest close session, Axcelis Technologies (ACLS - Free Report) was up +2.29% at $115.74. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, added 0.45%.
Shares of the semiconductor services company have depreciated by 8.37% over the course of the past month, underperforming the Computer and Technology sector's gain of 6.18%, and the S&P 500's gain of 1.27%.
Market participants will be closely following the financial results of Axcelis Technologies in its upcoming release. The company is forecasted to report an EPS of $1.11, showcasing a 8.26% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $230.05 million, up 7.7% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.12 per share and a revenue of $883.6 million, indicating changes of -15.57% and +5.31%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Axcelis Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Axcelis Technologies is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Axcelis Technologies is holding a Forward P/E ratio of 27.46. This expresses a discount compared to the average Forward P/E of 28.47 of its industry.
It's also important to note that ACLS currently trades at a PEG ratio of 2.84. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Manufacturing Machinery industry currently had an average PEG ratio of 1.77 as of yesterday's close.
The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 10% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.