Axcelis Technologies Inc expected to post earnings of $1.37 a share - Earnings Preview

Axcelis Technologies

29/07/2024 21:45

* Axcelis Technologies Inc  ACLS.OQ   ACLS.O  is expected
to show
a fall in quarterly revenue when it reports  results on July 31
for the period ending June 30 2024
    * The Beverly Massachusetts-based  company is expected to
report a
8.6% decrease in revenue to $250.302 million from $273.97
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on May 1
2024, for the period ended June 30, was for revenue of 245.000
million.
    * ​LSEG's mean analyst estimate for Axcelis Technologies Inc
is
for earnings of $1.37 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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 $174.50​, above​ its last closing price
of $123.55. ​​​

The company's guidance on May 1 2024 for the period ended June
30 was for Earnings before Interest and Taxes of 47 million.The
company's guidance on May 2 2024 for the period ended June 30
was for gross profit margin of 43.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   1.24        1.24       1.57      Beat    26.4
 Dec. 31 0001  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
 ​​Mar.        1.26        1.26       1.43      Beat    13.7
 31 2023                                                
 Dec. 31 2022  1.46        1.38       1.71      Beat    24​
 Sep. 30 2022  1.13        1.13       1.21      Beat    7.3
 Jun. 30 2022  1.01        1.00       1.32      Beat    31.6
 This summary was machine generated July 29 at 20:45 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)