Axcelis Technologies (ACLS) Registers a Bigger Fall Than the Market: Important Facts to Note

In the latest close session, Axcelis Technologies (ACLS) was down 4.13% at $173.23. The stock's performance was behind the S&P 500's daily loss of 0.05%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 0.24%. Coming into today, shares of the semiconductor services company had gained 16.17% in the past month. In that same time, the Computer and Technology sector lost 2.81%, while the S&P 500 lost 1.42%. Investors will be eagerly watching for the performance of Axcelis Technologies in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.9, showcasing a 20.35% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $205.1 million, showing a 5.43% escalation compared to the year-ago quarter. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.82 per share and a revenue of $845.4 million, indicating changes of -21.72% and +0.76%, respectively, from the former year. Investors might also notice recent changes to analyst estimates for Axcelis Technologies. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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. 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, there's been no change in the Zacks Consensus EPS estimate. Axcelis Technologies is currently a Zacks Rank #3 (Hold). In the context of valuation, Axcelis Technologies is at present trading with a Forward P/E ratio of 47.35. This signifies a discount in comparison to the average Forward P/E of 48.2 for its industry. We can also see that ACLS currently has a PEG ratio of 10.76. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Manufacturing Machinery industry had an average PEG ratio of 6.08 as trading concluded yesterday. The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 3, positioning it in the top 2% 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. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Beyond Nvidia: AI's Second Wave Is HereThe AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.See Stocks Now >>This article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks