Aehr Test Systems (AEHR) closed the most recent trading day at $24.84, moving +0.61% from the previous trading session. The stock’s performance was ahead of the S&P 500’s daily loss of 0.06%. On the other hand, the Dow registered a loss of 0.22%, and the technology-centric Nasdaq increased by 0.31%.
The company’s shares have climbed 7.02% in the past month, outperforming the Computer & Technology sector’s gain of 5.53% and the S&P 500’s gain of 5.1%.
The investment community will be closely monitoring Aehr Test Systems’ performance in its next earnings report. The company’s earnings per share (EPS) is expected to be $0.18, reflecting a 12.5% increase from the same quarter last year. Furthermore, our most recent consensus estimate forecasts revenue of $20.1 million, indicating a 35.63% upward move from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.05 per share and revenue of $105.3 million, which would represent changes of +77.97% and +62.1%, respectively, from the previous year.
Investors should also note any recent changes to analyst ratings for Aehr Test Systems. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, upward revisions in ratings express analysts’ positivity toward the company’s business operations and its ability to generate profits.
Empirical research indicates that these revisions in valuations have a direct correlation with short-term stock price performance. To take advantage of this, we developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides a reasonable rating system.
From #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, externally-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past . month, the Zacks Consensus EPS estimate remained stagnant. Currently, Aehr Test Systems carries a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Aehr Test Systems is currently trading with a Forward P/E ratio of 23.51. Its industry has an average Forward P/E of 23.51, so one could conclude that Aehr Test Systems trades with no noticeable deviation in comparison.
The Electronics – Measuring Instruments industry is part of the Computers and Technology sector. This industry, which currently has a Zacks Industry Rank of 89, finds itself in the top 36% rungs of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to follow all of these stock movement metrics, and more, in the upcoming trading sessions.
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Aehr Test Systems (AEHR): Free Analysis Report
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