Axcelis Technologies Stock Up 1% But Analysts Cautious Despite Expected Earnings and Revenue Growth
• Axcelis Technologies (ACLS) stock rose 1.05% and outpaced the S&P 500's 0.29% gain.
• ACLS earnings per share are projected to increase 15.79% year-over-year to $1.98 when it reports on February 7, 2024.
• Revenue is expected to rise 10.92% from last year to $295.1 million.
• Zacks Rank system shows stocks rated #1 have historically produced 25% average annual returns, while ACLS currently has a Zacks Rank of #4 (Sell).
• At current levels, ACLS trades at a lower Forward P/E ratio than its industry average, suggesting it may be undervalued.