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

ACM Research

08/05/2024 14:31

* ACM Research Inc  ACMR.OQ  reported quarterly adjusted
earnings
of 52 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 15 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 33 cents per share. Wall Street
expected results to range from 29 cents to 41 cents per share.
    * Revenue rose 105% to $152.19 million from a year ago;
analysts
expected $148.18 million. 
    * ACM Research Inc's reported EPS for the quarter was 26
cents​.
    * The company reported quarterly net income of $17.43
million.
    * ACM Research Inc shares had fallen by 6.2% this
quarter and
gained 39.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 88.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 $38.00 
This summary was machine generated from LSEG data May 8 at 01:31
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
 Mar. 31 2024      0.33           0.52           Beat
 Dec. 31 2023      0.17           0.43           Beat
 Sep. 30 2023      0.34           0.57           Beat
 Jun. 30 2023      0.12           0.48           Beat