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

ACM Research

05/05/2023 14:31

* ACM Research Inc  ACMR.OQ  reported quarterly adjusted
earnings
of 15 cents​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for breakeven
results per share.
    * Revenue rose 76% to $74.26 million from a year ago;
analysts
expected $72.80 million. 
    * ACM Research Inc's reported EPS for the quarter was 11
cents​.
    * The mean earnings estimate of analysts had fallen by
about 98.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * ACM Research Inc shares had fallen by 24.1% this
quarter and
gained 15.2% so far this year.
    * The company reported quarterly net income of $7.15
million.
    * Wall Street's median 12-month price target for ACM
Research Inc
is $15.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
5 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.00           0.15           Beat
 Dec. 31 2022      0.14           0.19           Beat
 Sep. 30 2022      0.24           0.45           Beat
 Jun. 30 2022      0.05           0.22           Beat