Axcelis Technologies Inc expected to post earnings of $2.02 a share - Earnings Preview

Axcelis Technologies

02/02/2024 23:10

* Axcelis Technologies Inc  ACLS.OQ   ACLS.O  is expected
to show
a rise in quarterly revenue when it reports  results on February
6 (estimated) for the period ending December 31 2023
    * The Beverly Massachusetts-based  company is expected to
report a
12.0% increase in revenue to $297.92 million from $266.05
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.The company's guidance on January
16 2024, for the period ended December 31, was for revenue of
$300.000 million.
    * ​LSEG's mean analyst estimate for Axcelis Technologies Inc
is
for earnings of $2.02 per share. The company's EPS guidance on
January 16 2024, for the period ended December 31, was about
USD2.05
    * 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 $175.00​, above​ its last closing price
of $130.69. ​​​

The company's guidance on November 1 2023 for the period ended
December 31 was for Earnings before Interest and Taxes of USD73
million.The company's guidance on November 1 2023 for the period
ended December 31 was for gross profit margin of USD45%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.73        1.73       1.99      Beat    15
 Jun. 30 2023  1.47        1.46       1.86      Beat    27.1
 Mar. 31 2023  1.26        1.26       1.43      Beat    13.7​
 Dec. 31 2022  1.46        1.38       1.71      Beat    24
 ​​Sep.        1.13        1.13       1.21      Beat    7.3
 30 2022                                                
 Jun. 30 2022  1.01        1.00       1.32      Beat    31.6​
 Mar. 31 2022  0.92        0.92       1.22      Beat    32.4
 Dec. 31 2021  0.84        0.84       1.05      Beat    24.9
 This summary was machine generated February 2 at 23:10 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)