ACM Research Inc reports results for the quarter ended in September 30 - Earnings Summary

ACM Research

07/11/2024 14:51

* ACM Research Inc  ACMR.OQ  reported quarterly adjusted
earnings
of 63 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 57 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 37 cents per
share. Wall Street expected results to range from 28 cents to 50
cents per share.
    * Revenue rose 21% to $203.98 million from a year ago;
analysts
expected $191.18 million. 
    * ACM Research Inc's reported EPS for the quarter was 45
cents​.
    * The company reported quarterly net income of $30.9
million.
    * ACM Research Inc shares had fallen by 6.7% this
quarter and
lost 3.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 35.00 
This summary was machine generated from LSEG data November 7 at
02:50 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
 Sep. 30 2024      0.37           0.63           Beat
 Jun. 30 2024      0.35           0.55           Beat
 Mar. 31 2024      0.33           0.52           Beat
 Dec. 31 2023      0.17           0.43           Beat