Amtech (ASYS) Q3 Earnings Report Preview: What To Look For

Semiconductor production equipment provider Amtech Systems (NASDAQ:ASYS) will be reporting earnings tomorrow after market hours. Here's what investors should know.

Last quarter Amtech reported revenues of $33.3 million, up 20.9% year on year, beating analyst revenue expectations by 8.33%. It was a decent quarter for the company, with a significant improvement in its inventory levels but underwhelming revenue guidance for the next quarter.

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 64.5% year on year to $32.9 million, improving on the 13.6% year-over-year decline in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.06 per share.

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 only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 7.55%.

Looking at Amtech's peers in the semiconductor manufacturing segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. Amkor's revenues decreased 3.12% year on year, missing analyst estimates by 1.32%,  and FormFactor reported revenue decline of 23.5% year on year, missing analyst estimates by 3.94%. Amkor traded down 2.89% on the results, FormFactor was down 1.17%.

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

Investors in the semiconductor manufacturing segment have had steady hands going into the earnings, with the stocks up on average 1.44% over the last month. Amtech is up 12.3% during the same time, and is heading into the earnings with analyst price target of $13, compared to share price of $10.7.

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