Earnings Outlook For Axcelis Technologies
Portfolio Pulse from Benzinga Insights
Axcelis Technologies (NASDAQ:ACLS) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts expecting an EPS of $2.02. The company's past earnings performance shows a history of beating EPS estimates, which has occasionally led to positive stock price movements the following day. Shares of Axcelis Technologies have increased by 10.65% over the last 52 weeks, trading at $130.2 as of February 5. Investors are looking forward to not only the earnings results but also the company's future guidance.
February 06, 2024 | 7:02 pm
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Axcelis Technologies is anticipated to report an EPS of $2.02 for the upcoming quarter. Historical data shows positive stock price movements following earnings beats. The stock has seen a 10.65% increase over the past 52 weeks.
Given Axcelis Technologies' history of exceeding EPS estimates and the subsequent positive impact on its stock price, there is a strong likelihood of a positive short-term price movement, especially if the company beats the EPS estimate again and provides favorable future guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100