Workflow
Amtech Systems (ASYS) Reports Q2 Loss, Tops Revenue Estimates
Amtech SystemsAmtech Systems(US:ASYS) Zacks Investment Researchยท2024-05-08 23:46

Group 1 - Amtech Systems reported a quarterly loss of $0.01 per share, significantly better than the Zacks Consensus Estimate of a loss of $0.11, and compared to earnings of $0.19 per share a year ago, indicating an earnings surprise of 90.91% [1] - The company posted revenues of $25.43 million for the quarter ended March 2024, exceeding the Zacks Consensus Estimate by 10.58%, although this represents a decline from year-ago revenues of $33.31 million [1] - Over the last four quarters, Amtech has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [1] Group 2 - Amtech shares have increased by approximately 13.1% since the beginning of the year, outperforming the S&P 500's gain of 8.8% [2] - The future performance of Amtech's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [2] Group 3 - The current consensus EPS estimate for the upcoming quarter is breakeven on $26 million in revenues, while for the current fiscal year, it is projected at -$0.17 on $105 million in revenues [4] - The Semiconductor - General industry, to which Amtech belongs, is currently ranked in the bottom 18% of over 250 Zacks industries, indicating potential challenges ahead [4]