Axcelis Technologies Inc reports results for the quarter ended in March - Earnings Summary

Axcelis Technologies

01/05/2024 23:07

* Axcelis Technologies Inc  ACLS.OQ  reported quarterly
adjusted
earnings of $1.57​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $1.43.  The mean expectation of eight analysts
for the quarter was for earnings of $1.24 per share. Wall Street
expected results to range from $1.22  to $1.34 per share.
    * Revenue fell 0.6% to $252.37 million from a year ago;
analysts
expected $242.53 million. 
    * Axcelis Technologies Inc's reported EPS for the quarter
was
$1.57​.
    * The company reported quarterly net income of $51.6
million.
    * Axcelis Technologies Inc shares had fallen by 7.2% this
quarter and lost 20.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 32.1%
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 4 "strong buy" or "buy," 3
"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 Axcelis
Technologies Inc is $165.00 
This summary was machine generated from LSEG data May 1 at 10:06
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
 Mar. 31 2024      1.24           1.57           Beat
 Dec. 31 2023      2.02           2.15           Beat
 Sep. 30 2023      1.73           1.99           Beat
 Jun. 30 2023      1.46           1.86           Beat