ACM Research, Inc. (ACMR) ended the recent trading session at $36.68, demonstrating a +2.2% change from the preceding day's closing price. This change outpaced the S&P 500's 0.44% gain on the day. On the other hand, the Dow registered a gain of 0.14%, and the technology-centric Nasdaq increased by 0.7%.
Shares of the company witnessed a gain of 17.56% over the previous month, beating the performance of the Computer and Technology sector with its gain of 9.59%, and the S&P 500's gain of 4.03%.
The upcoming earnings release of ACM Research, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of $0.47, marking a 25.4% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $252.86 million, indicating a 23.96% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2 per share and a revenue of $917.26 million, signifying shifts of -11.5% and +17.28%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ACM Research, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, ACM Research, Inc. possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that ACM Research, Inc. has a Forward P/E ratio of 17.94 right now. Its industry sports an average Forward P/E of 17.94, so one might conclude that ACM Research, Inc. is trading at no noticeable deviation comparatively.
The Semiconductor Equipment - Material Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 106, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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ACM Research, Inc. (ACMR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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