ACM Research, Inc. (ACMR) Suffers a Larger Drop Than the General Market: Key Insights

ACM Research, Inc. (ACMR) closed at $117.16 in the latest trading session, marking a -7.67% move from the prior day. This change lagged the S&P 500's 0.22% loss on the day. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, lost 0.66%. Heading into today, shares of the company had gained 38.04% over the past month, outpacing the Computer and Technology sector's loss of 2.58% and the S&P 500's loss of 1.21%.Market participants will be closely following the financial results of ACM Research, Inc. in its upcoming release. In that report, analysts expect ACM Research, Inc. to post earnings of $0.3 per share. This would mark a year-over-year decline of 44.44%. Our most recent consensus estimate is calling for quarterly revenue of $268.15 million, up 24.51% from the year-ago period. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.37 per share and a revenue of $1.14 billion, representing changes of -14.91% and +26.98%, respectively, from the prior year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ACM Research, Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, ACM Research, Inc. holds a Zacks Rank of #4 (Sell). From a valuation perspective, ACM Research, Inc. is currently exchanging hands at a Forward P/E ratio of 92.62. Its industry sports an average Forward P/E of 92.62, 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 industry, currently bearing a Zacks Industry Rank of 232, finds itself in the bottom 6% echelons of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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. Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks