Amtech Systems (ASYS, Financial) reported a notable decrease in its second-quarter revenue, which dropped to $15.6 million from $25.4 million the previous year. This shortfall was largely attributed to the postponed delivery of a horizontal diffusion furnace, impacting both revenue and adjusted EBITDA below predicted levels. Additionally, the ongoing slump in demand for capital equipment from mature node semiconductor clients led to non-cash asset impairments and inventory write-downs. Despite these challenges, the company concluded the quarter with a slightly increased cash reserve.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Amtech Systems Inc (ASYS, Financial) is $6.00 with a high estimate of $6.00 and a low estimate of $6.00. The average target implies an upside of 78.57% from the current price of $3.36. More detailed estimate data can be found on the Amtech Systems Inc (ASYS) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Amtech Systems Inc's (ASYS, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Amtech Systems Inc (ASYS, Financial) in one year is $8.23, suggesting a upside of 144.94% from the current price of $3.36. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Amtech Systems Inc (ASYS) Summary page.
