ACM Research, Inc. (ACMR) closed the most recent trading day at $64.82, moving +1.38% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.45%. Elsewhere, the Dow saw a downswing of 1.21%, while the tech-heavy Nasdaq depreciated by 0.01%.
Shares of the company have depreciated by 24.22% over the course of the past month, underperforming the Computer and Technology sector's loss of 1.9%, and the S&P 500's loss of 2.43%.
The investment community will be paying close attention to the earnings performance of ACM Research, Inc. in its upcoming release. The company is expected to report EPS of $0.51, up 41.67% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $308.99 million, up 14.8% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.05 per share and a revenue of $1.17 billion, representing changes of +27.33% and +29.5%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ACM Research, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Within the past 30 days, our consensus EPS projection remained stagnant. ACM Research, Inc. is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note ACM Research, Inc.'s current valuation metrics, including its Forward P/E ratio of 31.19. This expresses no noticeable deviation compared to the average Forward P/E of 31.19 of its industry.
The Semiconductor Equipment - Material Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 1, which puts it in the top 1% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ACMR in the coming trading sessions, be sure to utilize Zacks.com.
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This article originally published on Zacks Investment Research (zacks.com).