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Is Trending Stock ACM Research, Inc. (ACMR) a Buy Now?
ACMRACM Research(ACMR) ZACKS·2024-12-20 15:06

Core Viewpoint - ACM Research, Inc. (ACMR) has gained attention as one of the most searched stocks, indicating potential interest from investors and analysts regarding its future performance [1]. Earnings Estimates - For the current fiscal year, the consensus earnings estimate is 1.93,reflectinganincreaseof+18.41.93, reflecting an increase of +18.4% from the previous year, with no changes in the estimate over the last 30 days [3]. - The expected earnings for the current quarter are 0.21 per share, which represents a significant decline of -51.2% year-over-year, with the estimate remaining unchanged [5]. - For the next fiscal year, the consensus earnings estimate is 1.80,indicatingadecreaseof6.71.80, indicating a decrease of -6.7% compared to the previous year, also unchanged over the past month [6]. Revenue Growth Forecast - The consensus sales estimate for the current quarter is 178.97 million, showing a year-over-year growth of +5.1%. For the current and next fiscal years, the revenue estimates are 737.72millionand737.72 million and 910.88 million, indicating growth rates of +32.3% and +23.5%, respectively [15]. Recent Performance - In the last reported quarter, ACM Research achieved revenues of 203.98million,markingayearoveryearincreaseof+21203.98 million, marking a year-over-year increase of +21%. The earnings per share (EPS) for this period was 0.63, compared to $0.57 a year ago, with a revenue surprise of +6.26% and an EPS surprise of +125% [16]. Valuation Metrics - ACM Research is graded A in the Zacks Value Style Score, suggesting that it is trading at a discount compared to its peers, which is a positive indicator for potential investment [19]. Market Performance - Over the past month, ACM Research shares have declined by -20.7%, contrasting with the Zacks S&P 500 composite's -0.7% change and the Zacks Semiconductor Equipment - Material Services industry's loss of -12.4% [12]. Analyst Ratings - The Zacks Rank for ACM Research is 2 (Buy), indicating a favorable outlook based on recent changes in earnings estimates and other related factors [13][20].