In the latest close session, ACM Research, Inc. (ACMR) was down 5.57% at $76.18. The stock's change was less than the S&P 500's daily loss of 0.03%. On the other hand, the Dow registered a loss of 0.31%, and the technology-centric Nasdaq increased by 0.01%.
Coming into today, shares of the company had gained 1.97% in the past month. In that same time, the Computer and Technology sector gained 5.26%, while the S&P 500 gained 0.53%.
Investors will be eagerly watching for the performance of ACM Research, Inc. in its upcoming earnings disclosure. In that report, analysts expect ACM Research, Inc. to post earnings of $0.51 per share. This would mark year-over-year growth of 41.67%. Meanwhile, our latest consensus estimate is calling for revenue of $308.99 million, up 14.8% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.05 per share and revenue of $1.17 billion. These totals would mark changes of +27.33% and +29.5%, respectively, from last year.
Any recent changes to analyst estimates for ACM Research, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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, the Zacks Consensus EPS estimate has remained steady. Right now, ACM Research, Inc. possesses a Zacks Rank of #1 (Strong Buy).
Digging into valuation, ACM Research, Inc. currently has a Forward P/E ratio of 39.35. This signifies no noticeable deviation in comparison to the average Forward P/E of 39.35 for its industry.
The Semiconductor Equipment - Material Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 1, positioning it in the top 1% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ACM Research, Inc. (ACMR): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).