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

ACM Research

04/08/2023 14:33

* ACM Research Inc  ACMR.OQ  reported quarterly adjusted
earnings
of 48 cents​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for earnings
of 12 cents per share.
    * Revenue rose 38.5% to $144.58 million from a year ago;
analysts
expected $115.54 million. 
    * ACM Research Inc's reported EPS for the quarter was 41
cents​.
    * The mean earnings estimate of analysts had fallen by
about 11.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * ACM Research Inc shares had fallen by 8.5% this
quarter and
gained 55.3% so far this year.
    * The company reported quarterly net income of $26.83
million.
    * Wall Street's median 12-month price target for ACM
Research Inc
is $16.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 4 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.12           0.48           Beat
 Mar. 31 2023      0.00           0.15           Beat
 Dec. 31 2022      0.14           0.19           Beat
 Sep. 30 2022      0.24           0.45           Beat