Alpha and Omega semiconductor (AOSL – Free Report) closed on the most recent trading day at $ 31.37, or + 0.48% from the previous trading session. The stock topped the S&P 500’s 1.19% daily loss.
As of today, shares of the chipmaker had gained 8.18% over the past month. At the same time, the IT and tech sector lost 5.5%, while the S&P 500 lost 3.16%.
Investors are hoping for strength from AOSL as the next publication of its results approaches. The company is expected to post EPS of $ 0.95, up 72.73% from the previous year quarter. Meanwhile, our latest consensus estimate projects revenue of $ 180 million, up 18.77% from the previous year’s quarter.
Zacks’ consensus estimates for the full year of AOSL project earnings of $ 3.41 per share and revenue of $ 704.35 million. These results would represent year-over-year variations of + 16.38% and + 7.22%, respectively.
Investors might also notice recent changes in analyst estimates for AOSL. These revisions help show the ever-changing nature of short-term business trends. Thus, the positive estimate revisions reflect the optimism of analysts about the business and profitability of the company.
Research indicates that these estimate revisions are directly correlated with short-term stock price dynamics. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides an actionable rating system.
Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks ranking system has a proven and externally verified track record of outperformance, with # 1 stocks returning an average of + 25% per year since. 1988. The Zacks Consensus The EPS estimate has remained stagnant over the past month. AOSL currently holds a Zacks # 1 rank (strong buy).
In view of its valuation, AOSL has a forward P / E ratio of 9.17. This valuation marks a discount compared to the average forward P / E of its sector of 19.75.
The Electronics – Semiconductors industry is part of the Information technology and technology sector. This group has a Zacks Industry Rank of 116, which places it in the top 46% of 250+ industries.
The Zacks Industry Rank includes is ranked from best to worst in terms of the average Zacks Rank of individual companies in each of these industries. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
To follow AOSL in future trading sessions, be sure to use Zacks.com.