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Is It Worth Investing in ACM Research (ACMR) Based on Wall Street's Bullish Views?
zacks.com· 2024-05-16 14:30
Group 1: Brokerage Recommendations - ACM Research, Inc. (ACMR) has an average brokerage recommendation (ABR) of 1.17, indicating a consensus between Strong Buy and Buy [1] - Out of six recommendations, five are Strong Buy (83.3%) and one is Buy (16.7%) [1] - Despite the positive ABR, studies suggest limited success of brokerage recommendations in guiding investors towards stocks with the best price increase potential [2][5] Group 2: Zacks Rank vs. ABR - Zacks Rank is a proprietary stock rating tool that categorizes stocks from 1 (Strong Buy) to 5 (Strong Sell) based on earnings estimate revisions, while ABR is based solely on brokerage recommendations [4] - The Zacks Rank is timely and reflects changes in earnings estimates quickly, unlike the ABR which may not be up-to-date [6] - The Zacks Rank for ACMR is 3 (Hold), indicating a cautious outlook despite the Buy-equivalent ABR [7] Group 3: Earnings Estimates - The Zacks Consensus Estimate for ACMR's current year earnings remains unchanged at $1.62 over the past month [7] - Steady views on earnings prospects suggest that ACMR may perform in line with the broader market in the near term [7]
Investors Heavily Search ACM Research, Inc. (ACMR): Here is What You Need to Know
Zacks Investment Research· 2024-05-14 14:05
Core Viewpoint - ACM Research, Inc. (ACMR) has experienced a significant decline in stock performance recently, with shares returning -18.4% over the past month, contrasting with the S&P 500's +2% and the semiconductor equipment industry's -16.9% [1] Earnings Estimates Revisions - The expected earnings for ACM Research for the current quarter is $0.37 per share, reflecting a year-over-year decrease of -22.9%, with a 10% downward revision in the Zacks Consensus Estimate over the last 30 days [2] - The consensus earnings estimate for the current fiscal year stands at $1.62, indicating a slight year-over-year decline of -0.6%, while the next fiscal year's estimate of $2.25 shows a significant increase of +38.9% [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $164.08 million, representing a year-over-year increase of +13.5%, with future estimates of $698.4 million and $884.31 million for the current and next fiscal years, indicating growth rates of +25.2% and +26.6%, respectively [5] Last Reported Results and Surprise History - In the last reported quarter, ACM Research achieved revenues of $152.19 million, a year-over-year increase of +104.9%, and an EPS of $0.52 compared to $0.15 a year ago [6] - The company exceeded the Zacks Consensus Estimate for revenues by +0.79% and for EPS by +67.74%, consistently beating consensus estimates in the past four quarters [6] Valuation - ACM Research's valuation metrics, including price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), are essential for assessing whether the stock is fairly valued compared to its historical values and peers [7] - The Zacks Value Style Score for ACM Research is graded C, indicating that it is trading at par with its peers [9]
ACM Research: The Road To $1B Revenue
Seeking Alpha· 2024-05-11 12:35
PonyWang Solid Q1 Earnings ACM Research (NASDAQ:ACMR) reported a strong Q1 quarter with both top and bottom-line beat. The company reported revenue of $170.5 million, a 103% YoY increase, beating consensus by $0.52 million. Company also maintained its FY2024 guidance of $650 - $725 million. However, market reacted negatively to the results as it was expecting a raise to the guidance. See below the results: Q1 Results (Seeking Alpha)We have issued two multiple bullish calls on ACM Research since the last ...
Hidden Tech Titans: 3 Stocks Ready to Rocket Past Market Expectations by 2027
InvestorPlace· 2024-05-11 11:01
Three exceptional IT businesses offer investors attractive opportunities due to their strategic orientation and exceptional performance with solid fundamentals. With a substantial increase in revenue, the first one has accelerated. This outstanding result highlights the company’s skill at gaining market share and profitably monetizing its products, indicating a promising future growth trajectory. Meanwhile, the second one has seen a considerable boost in revenue in the semiconductor business. This lead has ...
ACM Research(ACMR) - 2024 Q1 - Quarterly Report
2024-05-08 20:47
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _____________ Commission file number: 001-38273 ACM Research, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaw ...
ACM Research(ACMR) - 2024 Q1 - Earnings Call Transcript
2024-05-08 16:51
ACM Research, Inc. (NASDAQ:ACMR) Q1 2024 Earnings Conference Call May 8, 2024 8:00 AM ET Company Participants Steven Pelayo - MD, The Blueshirt Group David Wang - CEO Mark McKechnie - CFO Lisa Feng - CFO, ACM Shanghai Conference Call Participants Suji Desilva - Roth MKM Christian Schwab - Craig-Hallum Capital Ross Cole - Needham Charlie Chan - Morgan Stanley Mark Miller - The Benchmark Company Operator Good day and thank you for standing by. Welcome to the ACM Research First Quarter 2024 Earnings Conference ...
ACM Research(ACMR) - 2024 Q1 - Earnings Call Presentation
2024-05-08 12:43
Supplemental Investor Presentation Earnings Release – First Quarter 2024 May 8, 2024 Forward-Looking Statements.Certain statements contained in this presentation are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and similar words areintended to identify forward-looking statements. Forward-looking statements are based on ACM management’s current exp ...
ACM Research, Inc. (ACMR) Q1 Earnings and Revenues Surpass Estimates
Zacks Investment Research· 2024-05-08 12:11
ACM Research, Inc. (ACMR) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 67.74%. A quarter ago, it was expected that this company would post earnings of $0.10 per share when it actually produced earnings of $0.43, delivering a surprise of 330%.Over the last four quarters, the company ...
ACM Research(ACMR) - 2024 Q1 - Quarterly Results
2024-05-08 11:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 26, 2024 ACM Research, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-38273 94-3290283 (State or Other Juris diction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 42307 Osgood Road, Suite I Fremont, California 94539 (Address of Prin ...
ACM Research Reports First Quarter 2024 Results
Newsfilter· 2024-05-08 10:00
FREMONT, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today reported financial results for its first quarter ended March 31, 2024. "I am pleased with our first quarter results, a solid start for 2024. We delivered 105% revenue growth, record shipments, and strong profitability," said ACM's President and Chief Executive Officer, Dr. David Wang. "Our results ...