For its first fiscal quarter (ending March 31), Axcelis Technologies Inc. (NASDAQ: ACLS) has reported a 8% increase in E.P.S. from $1.46 a year ago to $1.58 in the current quarter. However, this result fell short of the consensus estimate of $1.92 by $-0.34. For the latest four quarters through March 31, E.P.S. were $7.64 versus $5.76 for the same period a year ago — an increase of 33%.
Recent Price Action
Axcelis Technologies Inc. (NASDAQ: ACLS) stock declined modestly by -1.8% on 5/1/24. The stock closed at $101.70. Moreover, this decline was accompanied by unusually high trading volume at 158% of normal. The stock has risen 4.6% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
ACLS is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Axcelis Technologies has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Axcelis Technologies has a neutral Appreciation Score of 58 but a very low Power Rating of 15, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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