We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Camtek (CAMT) Stock Slides as Market Rises: Facts to Know Before You Trade
Read MoreHide Full Article
Camtek (CAMT - Free Report) closed at $113.21 in the latest trading session, marking a -3.66% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.01%. Elsewhere, the Dow gained 0.51%, while the tech-heavy Nasdaq lost 0.28%.
The maker of automatic optical inspection and process enhancement systems's stock has climbed by 50.27% in the past month, exceeding the Computer and Technology sector's gain of 10.49% and the S&P 500's gain of 4.83%.
Investors will be eagerly watching for the performance of Camtek in its upcoming earnings disclosure. On that day, Camtek is projected to report earnings of $0.81 per share, which would represent year-over-year growth of 8%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $124.84 million, up 11.13% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.18 per share and a revenue of $491.98 million, representing changes of +12.37% and +14.62%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Camtek. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Camtek boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Camtek is presently trading at a Forward P/E ratio of 36.9. This valuation marks a discount compared to its industry average Forward P/E of 45.33.
Meanwhile, CAMT's PEG ratio is currently 2.77. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Measuring Instruments industry had an average PEG ratio of 2.47 as trading concluded yesterday.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 10, this industry ranks in the top 5% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Camtek (CAMT) Stock Slides as Market Rises: Facts to Know Before You Trade
Camtek (CAMT - Free Report) closed at $113.21 in the latest trading session, marking a -3.66% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.01%. Elsewhere, the Dow gained 0.51%, while the tech-heavy Nasdaq lost 0.28%.
The maker of automatic optical inspection and process enhancement systems's stock has climbed by 50.27% in the past month, exceeding the Computer and Technology sector's gain of 10.49% and the S&P 500's gain of 4.83%.
Investors will be eagerly watching for the performance of Camtek in its upcoming earnings disclosure. On that day, Camtek is projected to report earnings of $0.81 per share, which would represent year-over-year growth of 8%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $124.84 million, up 11.13% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.18 per share and a revenue of $491.98 million, representing changes of +12.37% and +14.62%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Camtek. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Camtek boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Camtek is presently trading at a Forward P/E ratio of 36.9. This valuation marks a discount compared to its industry average Forward P/E of 45.33.
Meanwhile, CAMT's PEG ratio is currently 2.77. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Measuring Instruments industry had an average PEG ratio of 2.47 as trading concluded yesterday.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 10, this industry ranks in the top 5% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.