On Wednesday, February 10, Axcelis Technologies ACLS will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.
What Are Earnings, Net Income, And Earnings Per Share?
Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
Based on management's projections, Axcelis Technologies analysts model for earnings of $0.3 per share on sales of $118.40 million. In the same quarter last year, Axcelis Technologies reported EPS of $0.29 on revenue of $107.72 million.
Why Analyst Estimates And Earnings Surprises Are Important
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
If the company were to match the consensus estimate when it reports Wednesday, earnings would be up 3.45%. Sales would be up 9.91% from the year-ago period. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
|Quarter||Q3 2020||Q2 2020||Q1 2020||Q4 2020|
|Revenue Estimate||109.96 M||116.18 M||116.25 M||95.77 M|
|Revenue Actual||110.41 M||122.97 M||118.99 M||107.72 M|
Shares of Axcelis Technologies were trading at $38.8 as of February 08. Over the last 52-week period, shares are up 35.02%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Axcelis Technologies is scheduled to hold the call at 08:30:00 ET and can be accessed here.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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