Axcelis Technologies Inc expected to post earnings of $1.24 a share - Earnings Preview

Axcelis Technologies

29/04/2024 23:51

* Axcelis Technologies Inc  ACLS.OQ   ACLS.O  is expected
to show
a fall in quarterly revenue when it reports  results on May 1
for the period ending March 31 2024
    * The Beverly Massachusetts-based  company is expected to
report a
4.5% decrease in revenue to $242.531 million from $254.02
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on February
7 2024, for the period ended March 31, was for revenue of
$242.000 million.
    * ​LSEG's mean analyst estimate for Axcelis Technologies Inc
is
for earnings of $1.24 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Axcelis
Technologies Inc is $165.00​, above​ its last closing price
of $104.85. ​​​

The company's guidance on February 7 2024 for the period ended
March 31 was for Earnings before Interest and Taxes of USD45
million.The company's guidance on February 8 2024 for the period
ended March 31 was for gross profit margin of USD43.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  2.05        2.02       2.15      Beat    6.5
 Sep. 30 2023  1.73        1.73       1.99      Beat    15
 Jun. 30 2023  1.47        1.46       1.86      Beat    27.1​
 Dec. 31 2022  1.26        1.26       1.43      Beat    13.7
 ​​Dec.        1.46        1.38       1.71      Beat    24
 31 2022                                                
 Sep. 30 2022  1.13        1.13       1.21      Beat    7.3​
 Jun. 30 2022  1.01        1.00       1.32      Beat    31.6
 Mar. 31 2022  0.92                   1.22              32.4
 This summary was machine generated April 29 at 22:51 GMT.  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)