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Axcelis Technologies (ACLS) Outpaces Stock Market Gains: What You Should Know
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Axcelis Technologies (ACLS - Free Report) closed the most recent trading day at $168.54, moving +0.76% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.07%. Elsewhere, the Dow gained 0.02%, while the tech-heavy Nasdaq added 0.01%.
Prior to today's trading, shares of the semiconductor services company had gained 1.71% over the past month. This has outpaced the Computer and Technology sector's gain of 1.5% and the S&P 500's gain of 0.38% in that time.
Axcelis Technologies will be looking to display strength as it nears its next earnings release. On that day, Axcelis Technologies is projected to report earnings of $1.73 per share, which would represent year-over-year growth of 42.98%. Our most recent consensus estimate is calling for quarterly revenue of $281.3 million, up 22.74% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.99 per share and revenue of $1.1 billion, which would represent changes of +28.02% and +19.65%, respectively, from the prior year.
Any recent changes to analyst estimates for Axcelis Technologies should also be noted by investors. These recent revisions tend to reflect the evolving 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 shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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, the Zacks Consensus EPS estimate remained stagnant. Axcelis Technologies is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that Axcelis Technologies has a Forward P/E ratio of 23.93 right now. For comparison, its industry has an average Forward P/E of 23.81, which means Axcelis Technologies is trading at a premium to the group.
The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 112, which puts it in the top 45% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Axcelis Technologies (ACLS) Outpaces Stock Market Gains: What You Should Know
Axcelis Technologies (ACLS - Free Report) closed the most recent trading day at $168.54, moving +0.76% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.07%. Elsewhere, the Dow gained 0.02%, while the tech-heavy Nasdaq added 0.01%.
Prior to today's trading, shares of the semiconductor services company had gained 1.71% over the past month. This has outpaced the Computer and Technology sector's gain of 1.5% and the S&P 500's gain of 0.38% in that time.
Axcelis Technologies will be looking to display strength as it nears its next earnings release. On that day, Axcelis Technologies is projected to report earnings of $1.73 per share, which would represent year-over-year growth of 42.98%. Our most recent consensus estimate is calling for quarterly revenue of $281.3 million, up 22.74% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.99 per share and revenue of $1.1 billion, which would represent changes of +28.02% and +19.65%, respectively, from the prior year.
Any recent changes to analyst estimates for Axcelis Technologies should also be noted by investors. These recent revisions tend to reflect the evolving 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 shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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, the Zacks Consensus EPS estimate remained stagnant. Axcelis Technologies is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that Axcelis Technologies has a Forward P/E ratio of 23.93 right now. For comparison, its industry has an average Forward P/E of 23.81, which means Axcelis Technologies is trading at a premium to the group.
The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 112, which puts it in the top 45% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.