In the latest market close, ACM Research, Inc. (ACMR) hit $18.91, moving -1.05% from previous day. The stock underperformed the S&P 500 index, dropping 0.17% on the day. Elsewhere, the Dow Jones Industrial Average fell 0.44% and the tech-heavy Nasdaq fell 0.04%.
Shares of the company have gained 16.03% over the past month, outpacing the Computer Technology sector’s gain of 1.41% and the S&P 500’s gain of 1.25%.
The investment community will be closely monitoring ACM Research, Inc.’s performance in its upcoming earnings report. The company’s EPS is expected to be $0.28, representing a year-over-year decline of 50.88%. At the same time, our latest consensus estimate is calling for revenue of $191.95 million, representing an increase of 13.87% from the prior-year quarter.
For the full fiscal year, our Zacks Consensus Estimates are projecting earnings of $1.63 per share and revenue of $726.59 million, which would represent changes of 0% and +30.28%, respectively, from the prior year.
Investors should also pay attention to the latest changes to analyst estimates for ACM Research, Inc. These revisions help illustrate the ever-changing nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.
Our research reveals that these estimate changes are directly correlated to near-term stock price performance. To benefit from this, we have created the Zacks Rank, a proprietary model that combines these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). The firm has a remarkable, outside-audited track record of success, with #1 stocks returning an average of +25% annually since 1988. Over the past 30 days, our consensus EPS forecast has remained stagnant. ACM Research, Inc. currently holds a Zacks Rank #4 (Sell).
From a valuation perspective, ACM Research, Inc. is currently trading at a Forward P/E ratio of 11.72. This is not noticeable compared to its industry’s average Forward P/E of 11.72.
The Semiconductor Equipment – Materials Services industry is part of the Computer and Technology sector. Its current Zacks Industry Rank of 238 puts this industry in the bottom 6% of all over 250 industries.
The Zacks Industry Rank gauges the vitality of specific industry groups by calculating the average Zacks Rank of the individual stocks included in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2:1.
the story continues
To follow ACMR in upcoming trading sessions, be sure to visit Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ACM Research, Inc. (ACMR): Free Stock Analysis Report
Click here to read this article on Zacks.com.
Zacks Investment Research
