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

ACM Research

07/08/2024 14:32

* ACM Research Inc  ACMR.OQ  reported quarterly adjusted
earnings
of 55 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 48 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 35 cents per share. Wall Street
expected results to range from 26 cents to 54 cents per share.
    * Revenue rose 40% to $202.48 million from a year ago;
analysts
expected $163.05 million. 
    * ACM Research Inc's reported EPS for the quarter was 35
cents​.
    * The company reported quarterly net income of $24.21
million.
    * ACM Research Inc shares had fallen by 34.4% this
quarter and
lost 22.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.4%
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 7 "strong buy" or "buy," no
"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 $38.54 
This summary was machine generated from LSEG data August 7 at
01:32 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
 Jun. 30 2024      0.35           0.55           Beat
 Mar. 31 2024      0.33           0.52           Beat
 Dec. 31 2023      0.17           0.43           Beat
 Sep. 30 2023      0.34           0.57           Beat