Onto Innovation (ONTO) closed the most recent buying and selling day at $199.91, indicating a -1.56% change from the earlier session’s finish. The inventory fell in need of the S&P 500, which registered a lack of 0.19% for the day. Elsewhere, the Dow noticed an upswing of 0.09%, whereas the tech-heavy Nasdaq depreciated by 0.36%.
Coming into at this time, shares of the maker of semiconductor manufacturing gear had misplaced 2.4% up to now month. In that very same time, the Pc and Know-how sector misplaced 0.09%, whereas the S&P 500 gained 2.06%.
Analysts and buyers alike shall be holding a detailed eye on the efficiency of Onto Innovation in its upcoming earnings disclosure. On that day, Onto Innovation is projected to report earnings of $1.31 per share, which might characterize year-over-year progress of 36.46%. On the identical time, our most up-to-date consensus estimate is projecting a income of $250.23 million, reflecting a 20.77% rise from the equal quarter final yr.
For the complete yr, the Zacks Consensus Estimates are projecting earnings of $5.18 per share and income of $976.63 million, which might characterize adjustments of +38.87% and +19.7%, respectively, from the prior yr.
Traders also needs to be aware any latest adjustments to analyst estimates for Onto Innovation. These newest changes typically mirror the shifting dynamics of short-term enterprise patterns. With this in thoughts, we are able to take into account optimistic estimate revisions an indication of optimism in regards to the firm’s enterprise outlook.
Our analysis reveals that these estimate alterations are instantly linked with the inventory worth efficiency within the close to future. Traders can capitalize on this by utilizing the Zacks Rank. This mannequin considers these estimate adjustments and supplies a easy, actionable score system.
The Zacks Rank system, which ranges from #1 (Robust Purchase) to #5 (Robust Promote), has a formidable outside-audited observe file of outperformance, with #1 shares producing a mean annual return of +25% since 1988. During the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.37% improve. At present, Onto Innovation is carrying a Zacks Rank of #3 (Maintain).
Traders also needs to be aware Onto Innovation’s present valuation metrics, together with its Ahead P/E ratio of 39.21. This represents no noticeable deviation in comparison with its trade’s common Ahead P/E of 39.21.
The Nanotechnology trade is a part of the Pc and Know-how sector. This group has a Zacks Trade Rank of 93, placing it within the prime 37% of all 250+ industries.
The Zacks Trade Rank is ordered from finest to worst when it comes to the common Zacks Rank of the person corporations inside every of those sectors. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
Keep in mind to use Zacks.com to observe these and extra stock-moving metrics throughout the upcoming buying and selling classes.
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Onto Innovation Inc. (ONTO) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
