ACM Research, Inc. (NASDAQ:ACMR) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.37 per share.
For the full year, analysts predict revenues of $ 150.48 million, while looking forward to income of $ 0.96 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 140.00 million ~ $ 155.00 million
Click Here For More Historical Outlooks Of ACM Research, Inc.
Previous Quarter Performance
ACM Research, Inc. posted income for the second quarter of $ 0.29 per share, from the revenue of $ 39.05 million. The consensus estimates are income of $ 0.19 per share from $ 31.32 million in revenue. The bottom line results beat street analysts by $ 0.1 or 52.63 percent, at the same time, top line results outshined analysts by $ 7.73 million or 24.68 percent.
Stock Performance
Shares of ACM Research, Inc. traded up $ 11.04 or 13.81 percent on Wednesday, reaching $ 91.00 with volume of 556.30 thousand shares. ACM Research, Inc. has traded high as $ 92.00 and has cracked $ 80.45 on the downward trend
The closing price of $ 91.00, representing a 494.94 % increase from the 52 week low of $ 13.44 and a 29.78 % decrease over the 52 week high of $ 113.87.
The company has a market capital of $ 1.64 billion and is part of the Technology sector and Semiconductor Equipment & Materials industry.
Recent Analyst recommendations
- On 11th September 2020, upgraded by Stifel Nicolaus to Buy from Hold rating.
- On 8th September 2020, downgraded by Needham & Company LLC to Hold from Buy rating.
ACM Research, Inc., together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase of megasonic waves to deliver megasonic energy to flat and patterned wafer surfaces in a uniform manner on a microscopic level; timely energized bubble oscillation cleaning equipment for two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment. The company markets and sells its products under the Ultra C brand name through direct sales force and third-party representatives.
