Axcelis Technologies (ACLS) Gains But Lags Market: What You Should Know

Axcelis Systems (ACLS) closed at $53.74 in the most recent investing session, marking a +.88% go from the prior working day. The inventory lagged the S&P 500’s daily gain of .95%. At the exact same time, the Dow additional .64%, and the tech-significant Nasdaq received .15%.

Coming into currently, shares of the semiconductor expert services organization experienced lost 5.06% in the previous month. In that similar time, the Computer system and Technology sector lost 2.82%, while the S&P 500 missing 3.49%.

Axcelis Technologies will be searching to show strength as it nears its subsequent earnings release. On that day, Axcelis Systems is projected to report earnings of $.99 per share, which would signify year-over-year progress of 80%. In the meantime, the Zacks Consensus Estimate for income is projecting internet revenue of $210 million, up 42.6% from the yr-ago period of time.

For the comprehensive yr, our Zacks Consensus Estimates are projecting earnings of $4.40 for every share and revenue of $854.25 million, which would stand for modifications of +52.78% and +28.96%, respectively, from the prior year.

It is also vital to notice the recent variations to analyst estimates for Axcelis Technologies. These revisions usually reflect the most up-to-date quick-phrase business enterprise traits, which can adjust often. As a final result, we can interpret positive estimate revisions as a fantastic sign for the firm’s business enterprise outlook.

Our investigate shows that these estimate adjustments are immediately correlated with in the vicinity of-expression inventory rates. We designed the Zacks Rank to capitalize on this phenomenon. Our system normally takes these estimate modifications into account and provides a apparent, actionable rating product.

The Zacks Rank process ranges from #1 (Strong Invest in) to #5 (Sturdy Promote). It has a extraordinary, outside the house-audited keep track of file of good results, with #1 stocks delivering an common yearly return of +25% considering the fact that 1988. The Zacks Consensus EPS estimate remained stagnant inside the past month. Axcelis Technologies is currently a Zacks Rank #2 (Purchase).

Digging into valuation, Axcelis Technologies at the moment has a Ahead P/E ratio of 12.12. Its market sports an common Ahead P/E of 10.85, so we just one could possibly conclude that Axcelis Systems is buying and selling at a high quality comparatively.

The Electronics – Production Machinery sector is section of the Personal computer and Know-how sector. This marketplace at this time has a Zacks Market Rank of 110, which places it in the leading 44% of all 250+ industries.

The Zacks Sector Rank gauges the strength of our particular person industry groups by measuring the average Zacks Rank of the particular person stocks inside the teams. Our research shows that the prime 50% rated industries outperform the bottom half by a aspect of 2 to 1.

You can come across more information on all of these metrics, and much more, on Zacks.com.

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