We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ACM Research, Inc. (ACMR) Stock Slides as Market Rises: Facts to Know Before You Trade
Read MoreHide Full Article
ACM Research, Inc. (ACMR - Free Report) closed the most recent trading day at $76.28, moving -8.52% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.66%. Meanwhile, the Dow gained 0.18%, and the Nasdaq, a tech-heavy index, added 1.05%.
Shares of the company witnessed a gain of 12.01% over the previous month, beating the performance of the Computer and Technology sector with its gain of 6.36%, and the S&P 500's gain of 0.55%.
Investors will be eagerly watching for the performance of ACM Research, Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.51, marking a 41.67% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $308.99 million, indicating a 14.8% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $2.05 per share and a revenue of $1.17 billion, demonstrating changes of +27.33% and +29.5%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ACM Research, Inc. 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 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 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 has remained steady. Currently, ACM Research, Inc. is carrying a Zacks Rank of #1 (Strong Buy).
In the context of valuation, ACM Research, Inc. is at present trading with a Forward P/E ratio of 40.67. This represents a discount compared to its industry average Forward P/E of 40.77.
The Semiconductor Equipment - Material Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 1, placing it within the top 1% of over 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
Image: Bigstock
ACM Research, Inc. (ACMR) Stock Slides as Market Rises: Facts to Know Before You Trade
ACM Research, Inc. (ACMR - Free Report) closed the most recent trading day at $76.28, moving -8.52% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.66%. Meanwhile, the Dow gained 0.18%, and the Nasdaq, a tech-heavy index, added 1.05%.
Shares of the company witnessed a gain of 12.01% over the previous month, beating the performance of the Computer and Technology sector with its gain of 6.36%, and the S&P 500's gain of 0.55%.
Investors will be eagerly watching for the performance of ACM Research, Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.51, marking a 41.67% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $308.99 million, indicating a 14.8% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $2.05 per share and a revenue of $1.17 billion, demonstrating changes of +27.33% and +29.5%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ACM Research, Inc. 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 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 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 has remained steady. Currently, ACM Research, Inc. is carrying a Zacks Rank of #1 (Strong Buy).
In the context of valuation, ACM Research, Inc. is at present trading with a Forward P/E ratio of 40.67. This represents a discount compared to its industry average Forward P/E of 40.77.
The Semiconductor Equipment - Material Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 1, placing it within the top 1% of over 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.