ACM Research Inc reports results for the quarter ended in December - Earnings Summary

ACM Research

28/02/2024 17:00

* ACM Research Inc  ACMR.OQ  reported quarterly adjusted
earnings
of 43 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 19 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 17 cents per
share. Wall Street expected results to range from 6 cents to 31
cents per share.
    * Revenue rose 56.9% to $170.32 million from a year ago;
analysts
expected $149.28 million. 
    * ACM Research Inc's reported EPS for the quarter was 26
cents​.
    * The company reported quarterly net income of $17.7
million.
    * ACM Research Inc shares had risen by 11.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the semiconductor
equipment & testing peer group is also "buy"

Wall Street's median 12-month price target for ACM Research Inc
is $25.00 
This summary was machine generated from LSEG data February 28 at
05:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.17           0.43           Beat
 Sep. 30 2023      0.34           0.57           Beat
 Jun. 30 2023      0.12           0.48           Beat
 Mar. 31 2023      0.00           0.15           Beat