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ACM Research, Inc. (ACMR) Suffers a Larger Drop Than the General Market: Key Insights
ACMRACM Research(ACMR) ZACKS·2024-06-24 22:50

Company Performance - ACM Research, Inc. (ACMR) closed at 22.63,reflectinga0.422.63, reflecting a -0.4% change from the previous day, underperforming the S&P 500's daily loss of 0.31% [1] - Over the past month, ACMR shares gained 0.71%, lagging behind the Computer and Technology sector's gain of 6.41% and the S&P 500's gain of 2.73% [1] - The upcoming earnings disclosure is anticipated, with a forecasted EPS of 0.30, indicating a 37.5% decrease from the same quarter last year, and a revenue estimate of 164.79million,up13.98164.79 million, up 13.98% year-over-year [1] Fiscal Year Estimates - For the entire fiscal year, Zacks Consensus Estimates predict earnings of 1.60 per share and revenue of $707.51 million, reflecting changes of -1.84% and +26.86% respectively from the previous year [2] - Recent adjustments to analyst estimates for ACMR indicate the dynamic nature of near-term business trends, with positive revisions suggesting optimism about the company's outlook [2] Zacks Rank and Valuation - ACMR currently holds a Zacks Rank of 5 (Strong Sell), with no changes in the Zacks Consensus EPS estimate over the past month [3] - The company is trading at a Forward P/E ratio of 14.2, which aligns with the industry's average Forward P/E of 14.2 [3] - The Semiconductor Equipment - Material Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 249, placing it in the bottom 2% of over 250 industries [3]