ACM Research, Inc. (ACMR) closed the most recent trading day at $103.17, moving -6.1% from the previous trading session. This move lagged the S&P 500's daily loss of 0.37%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq lost 1.33%.
Shares of the company witnessed a gain of 49.79% over the previous month, beating the performance of the Computer and Technology sector with its gain of 4.52%, and the S&P 500's gain of 2.02%.
The investment community will be paying close attention to the earnings performance of ACM Research, Inc. in its upcoming release. It is anticipated that the company will report an EPS of $0.3, marking a 44.44% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $266.9 million, up 23.93% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.37 per share and a revenue of $1.13 billion, indicating changes of -14.91% and +25%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for ACM Research, Inc. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. ACM Research, Inc. presently features a Zacks Rank of #4 (Sell).
In terms of valuation, ACM Research, Inc. is presently being traded at a Forward P/E ratio of 80.2. This expresses no noticeable deviation compared to the average Forward P/E of 80.2 of its industry.
The Semiconductor Equipment - Material Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 235, placing it within the bottom 4% of over 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).