Amtech Earnings: What To Look For From ASYS

Kayode Omotosho /
2023/12/05 2:00 am EST

Semiconductor production equipment provider Amtech Systems (NASDAQ:ASYS) will be announcing earnings results tomorrow after the bell. Here's what investors should know.

Last quarter Amtech reported revenues of $30.74 million, up 54% year on year, missing analyst expectations by 6.4%. It was a weak quarter for the company, with revenue and EPSĀ falling below analysts' expectations. In addition,Ā its operating margin shrunk.

Is Amtech buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Amtech's revenue to grow 6.8% year on year to $34.5 million, slowing down from the 32.8% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.09 per share.

Amtech Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Amtech's peers in the semiconductor manufacturing segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. FormFactor's revenues decreased 5.1% year on year, beating analyst estimates by 2.8% and Kulicke and Soffa reported revenue decline of 29.3% year on year, exceeding estimates by 1.1%. FormFactor traded flat on the results, and Kulicke and Soffa was down 6.6%.

Read our full analysis of FormFactor's results here and Kulicke and Soffa's results here.

There has been positive sentiment among investors in the semiconductor manufacturing segment, with the stocks up on average 9% over the last month. Amtech is up 0.7% during the same time, and is heading into the earnings with analyst price target of $12, compared to share price of $7.5.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

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The author has no position in any of the stocks mentioned.