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Onto Innovation (ONTO) Exceeds Market Returns: Some Facts to Consider
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Onto Innovation (ONTO - Free Report) closed at $98.25 in the latest trading session, marking a +1.11% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.07%. Meanwhile, the Dow experienced a drop of 0.7%, and the technology-dominated Nasdaq saw an increase of 0.18%.
Coming into today, shares of the maker of semiconductor manufacturing equipment had gained 0.13% in the past month. In that same time, the Computer and Technology sector gained 8.22%, while the S&P 500 gained 5.71%.
Investors will be eagerly watching for the performance of Onto Innovation in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 7, 2025. The company is predicted to post an EPS of $1.27, indicating a 3.79% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $249.75 million, up 3.06% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.14 per share and a revenue of $994.52 million, signifying shifts of -3.75% and +0.73%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Onto Innovation. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Onto Innovation is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Onto Innovation is currently trading at a Forward P/E ratio of 18.92. This denotes no noticeable deviation relative to the industry average Forward P/E of 18.92.
We can also see that ONTO currently has a PEG ratio of 0.63. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Nanotechnology industry was having an average PEG ratio of 0.63.
The Nanotechnology industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 96, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ONTO in the coming trading sessions, be sure to utilize Zacks.com.
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Onto Innovation (ONTO) Exceeds Market Returns: Some Facts to Consider
Onto Innovation (ONTO - Free Report) closed at $98.25 in the latest trading session, marking a +1.11% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.07%. Meanwhile, the Dow experienced a drop of 0.7%, and the technology-dominated Nasdaq saw an increase of 0.18%.
Coming into today, shares of the maker of semiconductor manufacturing equipment had gained 0.13% in the past month. In that same time, the Computer and Technology sector gained 8.22%, while the S&P 500 gained 5.71%.
Investors will be eagerly watching for the performance of Onto Innovation in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 7, 2025. The company is predicted to post an EPS of $1.27, indicating a 3.79% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $249.75 million, up 3.06% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.14 per share and a revenue of $994.52 million, signifying shifts of -3.75% and +0.73%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Onto Innovation. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Onto Innovation is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Onto Innovation is currently trading at a Forward P/E ratio of 18.92. This denotes no noticeable deviation relative to the industry average Forward P/E of 18.92.
We can also see that ONTO currently has a PEG ratio of 0.63. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Nanotechnology industry was having an average PEG ratio of 0.63.
The Nanotechnology industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 96, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ONTO in the coming trading sessions, be sure to utilize Zacks.com.