ACM Research, Inc. (ACMR) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revision ...

ACM Research, Inc. (ACMR) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individua ...

Shares of ACM Research, Inc. (ACMR) have gained 77.3% over the past four weeks to close the last trading session at $29.22, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $37.38 indicates a potential upside of 27.9%.The average comprises seven short-term price targets ranging from a low of $34 to a high of $40, with a standard deviation of $2.59. While the lowest estimate indic ...

Three companies emerge as trailblazers in the finance and tech sectors, shaping their industries and the future. These companies stand at the edge and may influence the next decade of growth. These players are orchestrating the wave of change through innovative strategies and sharp performances.The first one has delivered solidity in revenue growth and market diversification. With its expanding addressable market and a strategic focus on advancements, the company is capturing demand across various sectors. ...

Though often more volatile than large-cap stocks, the small and mid-cap companies of the Russell 2000 sometimes hold hidden gems. If you want to make an intelligent investment and buy stocks with plenty of potential for real returns, look no further.We have compiled some of this year’s best-performing stocks from the Russell 2000. These three companies are in some of the best positions in their respective markets to continue making giant leaps in revenue growth, showing great promise.To give you more insigh ...

The future of the U.S. economy looks promising in 2024, with experts describing it as a Goldilocks moment. Anticipated faster growth, decreasing inflation and robust job creation signal a positive shift from recession fears in 2023. The National Association for Business Economics predicts a 2.2% rise in the gross domestic product, reflecting a more optimistic outlook, while the Federal Reserve’s expected interest rate cuts and the resilient job market contribute to a brighter economic landscape. That means ...

ACM Research, Inc. (NASDAQ:ACMR) Q4 2023 Earnings Conference Call February 28, 2024 8:00 AM ET Company Participants Steven Pelayo - MD, The Blueshirt Group David Wang - CEO Mark McKechnie - CFO Lisa Feng - CFO, ACM Shanghai Conference Call Participants Suji Desilva - Roth MKM Charlie Chan - Morgan Stanley Mark Miller - The Benchmark Company Christian Schwab - Craig-Hallum Capital Charlie Chan - Morgan Stanley Edison Lee - Jefferies Operator Good day and thank you for standing by. Welcome to the ACM Research ...

Shares of ACM Research (ACMR 37.45%) were surging today after the semiconductor cleaning equipment maker posted standout results in its fourth-quarter earnings report.As of 10:02 a.m. ET, the stock was up 34.8% on the news. ACM is the latest chip stock winnerACM, which supplies high-tech wafer-cleaning equipment primarily to Chinese foundries, reported 57% revenue growth, well ahead of industry-level wafer fab equipment spending in China, to $170.3 million, which was better than estimates at $149.3 million. ...

ACM Research, Inc. (ACMR) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 330%. A quarter ago, it was expected that this company would post earnings of $0.35 per share when it actually produced earnings of $0.57, delivering a surprise of 62.86%.Over the last four quarters, the company ...

FREMONT, Calif., Feb. 28, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today reported financial results for its fourth quarter and fiscal year ended December 31, 2023. "2023 was another pivotal year in ACM's mission to become a major supplier to the global semiconductor industry," said ACM's President and Chief Executive Officer, Dr. David Wang. "We grew revenue by 43%, w ...