Axcelis Technologies (ACLS, Financial) Reports Impressive First Quarter
- Axcelis Technologies outperformed expectations in Q1 with higher-than-expected earnings and revenue.
- Analysts project a significant upside potential for Axcelis Technologies shares.
- The company offers a median analyst recommendation of "Hold" with a promising GF Value estimate.
Axcelis Technologies (ACLS, Financial) has reported a standout performance for the first quarter, delivering a non-GAAP earnings per share of $1.04, which outstripped estimates by $0.66. The company's revenue also exceeded expectations, reaching $192.56 million, which is $7.7 million above forecasts, despite experiencing a 23.7% drop compared to the same period last year. For Q2, Axcelis projects revenues of $185 million, with a GAAP EPS of $0.57 and a non-GAAP EPS of $0.73. Following this news, shares experienced a 3% increase in post-market trading.
Wall Street Analysts Forecast
Analysts have provided a one-year price target for Axcelis Technologies Inc (ACLS, Financial), with an average estimate of $83.71. The highest target price is $144.57, while the lowest is $50.00. This average target suggests a potential upside of 60.71% from the current stock price of $52.09. Investors can find more detailed estimates on the Axcelis Technologies Inc (ACLS) Forecast page.
From the consensus of 8 brokerage firms, Axcelis Technologies Inc's (ACLS, Financial) receives an average brokerage recommendation of 2.8, placing it in the "Hold" category. The rating system used ranges from 1 (Strong Buy) to 5 (Sell), indicating there is still a broad spectrum of opinions among analysts.
Evaluating the GF Value
According to GuruFocus estimates, the GF Value for Axcelis Technologies Inc (ACLS, Financial) in one year is predicted to be $82.73, suggesting an upside of 58.82% from the current price of $52.09. The GF Value is an important metric from GuruFocus that estimates a stock's fair trading value based on historical trade multiples, past business growth, and future business performance projections. Additional data can be accessed on the Axcelis Technologies Inc (ACLS) Summary page.
