In the latest close session, Axcelis Technologies (ACLS) was down 4.13% at $173.23. The stock’s performance was behind the S&P 500’s daily loss of 0.05%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 0.24%.
Coming into today, shares of the semiconductor services company had gained 16.17% in the past month. In that same time, the Computer and Technology sector lost 2.81%, while the S&P 500 lost 1.42%.
Investors will be eagerly watching for the performance of Axcelis Technologies in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.9, showcasing a 20.35% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $205.1 million, showing a 5.43% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.82 per share and a revenue of $845.4 million, indicating changes of -21.72% and +0.76%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Axcelis Technologies. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts’ positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there’s been no change in the Zacks Consensus EPS estimate. Axcelis Technologies is currently a Zacks Rank #3 (Hold).
In the context of valuation, Axcelis Technologies is at present trading with a Forward P/E ratio of 47.35. This signifies a discount in comparison to the average Forward P/E of 48.2 for its industry.
We can also see that ACLS currently has a PEG ratio of 10.76. 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 had an average PEG ratio of 6.08 as trading concluded yesterday.
