Amtech Systems Inc reports results for the quarter ended March 31 - Earnings Summary

• Amtech Systems Inc ASYS.OQ reported a quarterly adjusted loss of 16 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -6 cents. The mean expectation of two analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from 2 cents to 3 cents per share.

• Revenue fell 38.7% to $15.58 million from a year ago; analysts expected $18.50 million.

• Amtech Systems Inc's reported EPS for the quarter was a loss of $2.23​.

• The company reported a quarterly loss of $31.81 million.

• Amtech Systems Inc shares had fallen by 29.0% this quarter and lost 37.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 37.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductor equipment & testing peer group is "hold."

• Wall Street's median 12-month price target for Amtech Systems Inc is $6.00

This summary was machine generated from LSEG data May 12 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)