ACM Research Inc reports results for the quarter ended September 30 - Earnings Summary

• ACM Research Inc ACMR.OQ reported quarterly adjusted earnings of 36 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 63 cents. The mean expectation of eight analysts for the quarter was for earnings of 40 cents per share. Wall Street expected results to range from 34 cents to 66 cents per share.

• Revenue rose 9.4% to $244.43 million from a year ago; analysts expected $241.29 million.

• ACM Research Inc's reported EPS for the quarter was 11 cents​.

• The company reported quarterly net income of $35.89 million.

• ACM Research Inc shares had risen by 73.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductor equipment & testing peer group is also "buy"

• Wall Street's median 12-month price target for ACM Research Inc is $42.50, about 61.1% below its last closing price of $68.47

This summary was machine generated from LSEG data February 26 at 06:42 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)