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ACM Research, Inc. (ACMR) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest close session, ACM Research, Inc. (ACMR - Free Report) was down 4.58% at $68.10. This change lagged the S&P 500's 0.06% loss on the day. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, lost 0.44%.
Shares of the company witnessed a loss of 0.88% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 4.85%, and the S&P 500's gain of 2.36%.
The upcoming earnings release of ACM Research, Inc. will be of great interest to investors. On that day, ACM Research, Inc. is projected to report earnings of $0.51 per share, which would represent year-over-year growth of 41.67%. Meanwhile, our latest consensus estimate is calling for revenue of $308.99 million, up 14.8% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.05 per share and a revenue of $1.17 billion, signifying shifts of +27.33% and +29.5%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for ACM Research, Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. ACM Research, Inc. is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, ACM Research, Inc. is at present trading with a Forward P/E ratio of 34.81. This denotes no noticeable deviation relative to the industry average Forward P/E of 34.81.
The Semiconductor Equipment - Material Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 102, positioning it in the top 42% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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ACM Research, Inc. (ACMR) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest close session, ACM Research, Inc. (ACMR - Free Report) was down 4.58% at $68.10. This change lagged the S&P 500's 0.06% loss on the day. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, lost 0.44%.
Shares of the company witnessed a loss of 0.88% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 4.85%, and the S&P 500's gain of 2.36%.
The upcoming earnings release of ACM Research, Inc. will be of great interest to investors. On that day, ACM Research, Inc. is projected to report earnings of $0.51 per share, which would represent year-over-year growth of 41.67%. Meanwhile, our latest consensus estimate is calling for revenue of $308.99 million, up 14.8% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.05 per share and a revenue of $1.17 billion, signifying shifts of +27.33% and +29.5%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for ACM Research, Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. ACM Research, Inc. is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, ACM Research, Inc. is at present trading with a Forward P/E ratio of 34.81. This denotes no noticeable deviation relative to the industry average Forward P/E of 34.81.
The Semiconductor Equipment - Material Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 102, positioning it in the top 42% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.