Amtech Methods (ASYS) shares ended the final buying and selling session 5.7% greater at $7.97. The leap got here on a powerful quantity with a higher-than-average variety of shares altering arms within the session. This compares to the inventory’s 31.1% loss over the previous 4 weeks.
The corporate is witnessing rising demand for managed environment furnaces for manufacturing of Direct Bond Copper (DBC) substrates. These assist in warmth dissipation in energy modules which are principally utilized in electrical automobiles. Amtech not too long ago secured a repeat order for 20 managed environment furnaces for manufacturing of DBC substrates.
This supplier of apparatus for photo voltaic panel and semiconductor makers is anticipated to submit quarterly lack of $0.11 per share in its upcoming report, which represents a year-over-year change of -257.1%. Revenues are anticipated to be $21 million, down 23.2% from the year-ago quarter.
Whereas earnings and income development expectations are essential in evaluating the potential power in a inventory, empirical analysis exhibits a powerful correlation between tendencies in earnings estimate revisions and near-term inventory value actions.
For Amtech, the consensus EPS estimate for the quarter has been revised 375% decrease during the last 30 days to the present stage. And a detrimental pattern in earnings estimate revisions does not often translate into value appreciation. So, ensure to regulate ASYS going ahead to see if this latest leap can flip into extra power down the highway.
The inventory at present carries a Zacks Rank #3 (Maintain). You may see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>>
Amtech is a part of the Zacks Semiconductor – Common business. STMicroelectronics (STM), one other inventory in the identical business, closed the final buying and selling session 2.7% greater at $35.73. STM has returned -10.6% previously month.
STMicroelectronics’ consensus EPS estimate for the upcoming report has remained unchanged over the previous month at $1.13. In comparison with the corporate’s year-ago EPS, this represents a change of +37.8%. STMicroelectronics at present boasts a Zacks Rank of #1 (Sturdy Purchase).
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