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

Axcelis Technologies

01/11/2023 21:46

* Axcelis Technologies Inc  ACLS.OQ  reported quarterly
adjusted
earnings of $1.99​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of $1.21.  The mean expectation of
seven analysts for the quarter was for earnings of $1.73 per
share. Wall Street expected results to range from $1.72 
to $1.75 per share.
    * Revenue rose 27.6% to $292.33 million from a year ago;
analysts
expected $280.24 million. 
    * Axcelis Technologies Inc's reported EPS for the quarter
was
$1.99​.
    * The company reported quarterly net income of $65.93
million.
    * Axcelis Technologies Inc shares had fallen by 21.8% this
quarter and gained 60.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.9%
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 5 "strong buy" or "buy," 2
"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 $225.00 
This summary was machine generated from LSEG data November 1 at
09:46 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.73           1.99           Beat
 Jun. 30 2023      1.46           1.86           Beat
 Mar. 31 2023      1.26           1.43           Beat
 Dec. 31 2022      1.38           1.71           Beat