In the latest trading session, Axcelis Technologies (ACLS) closed at $49.11, marking a +0.27% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.63% for the day. Meanwhile, the Dow experienced a rise of 0.21%, and the technology-dominated Nasdaq saw an increase of 1.52%.

The the stock of semiconductor services company has fallen by 3.89% in the past month, lagging the Computer and Technology sector's gain of 1.66% and the S&P 500's loss of 0.7%.

The investment community will be closely monitoring the performance of Axcelis Technologies in its forthcoming earnings report. The company is scheduled to release its earnings on May 6, 2025. The company's upcoming EPS is projected at $0.39, signifying a 75.16% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $184.65 million, reflecting a 26.83% fall from the equivalent quarter last year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.39 per share and a revenue of $778.8 million, signifying shifts of -61.14% and -23.49%, respectively, from the last year.

Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Axcelis Technologies. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 6.27% fall in the Zacks Consensus EPS estimate. At present, Axcelis Technologies boasts a Zacks Rank of #4 (Sell).

Valuation is also important, so investors should note that Axcelis Technologies has a Forward P/E ratio of 20.49 right now. For comparison, its industry has an average Forward P/E of 20.32, which means Axcelis Technologies is trading at a premium to the group.

It is also worth noting that ACLS currently has a PEG ratio of 3.74. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Electronics - Manufacturing Machinery stocks are, on average, holding a PEG ratio of 1.14 based on yesterday's closing prices.

The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 236, putting it in the bottom 5% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

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Axcelis Technologies, Inc. (ACLS) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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