Amtech Systems Inc reports results for the quarter ended in September - Earnings Summary

Amtech Systems

15/12/2023 12:09

* Amtech Systems Inc  ASYS.OQ  reported a quarterly adjusted
loss
of 85 cents​​ per share for the quarter ended in September,
lower than the same quarter last year, when the company reported
EPS of 30 cents.  The mean expectation of two analysts for the
quarter was for a loss of 4 cents per share. Wall Street
expected results to range from -10 cents to 2 cents per share.
    * Revenue fell 14.3% to $27.71 million from a year ago;
analysts
expected $27.70 million. 
    * Amtech Systems Inc's reported EPS for the quarter was a
loss
of 85 cents​.
    * The company reported a quarterly loss of $12.02 million.
    * Amtech Systems Inc shares had fallen by 46.2% this
quarter and
lost 46.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 172.7% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Amtech
Systems
Inc is $6.00 

This summary was machine generated from LSEG data December 15 at
12:09 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 2023      -0.04          -0.85          Missed
 Jun. 30 2023      0.03           -0.07          Missed
 Mar. 31 2023      0.04           0.23           Beat
 Dec. 31 2022      -0.03          -0.17          Missed