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Camtek (CAMT) Falls More Steeply Than Broader Market: What Investors Need to Know
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In the latest trading session, Camtek (CAMT - Free Report) closed at $114.10, marking a -2.55% move from the previous day. This change lagged the S&P 500's daily loss of 0.28%. Elsewhere, the Dow saw a downswing of 0.52%, while the tech-heavy Nasdaq depreciated by 0.08%.
Shares of the maker of automatic optical inspection and process enhancement systems have appreciated by 44.18% over the course of the past month, outperforming the Computer and Technology sector's gain of 7.19%, and the S&P 500's gain of 4.03%.
The investment community will be closely monitoring the performance of Camtek in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.8, marking a 6.67% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $125.05 million, indicating a 11.31% growth compared to the corresponding quarter of the prior year.
CAMT's full-year Zacks Consensus Estimates are calling for earnings of $3.18 per share and revenue of $493.28 million. These results would represent year-over-year changes of +12.37% and +14.92%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Camtek. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.02% lower within the past month. Camtek is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Camtek is presently trading at a Forward P/E ratio of 36.8. Its industry sports an average Forward P/E of 51.38, so one might conclude that Camtek is trading at a discount comparatively.
One should further note that CAMT currently holds a PEG ratio of 2.76. 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. Electronics - Measuring Instruments stocks are, on average, holding a PEG ratio of 2.44 based on yesterday's closing prices.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 26, positioning it in the top 11% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Camtek (CAMT) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest trading session, Camtek (CAMT - Free Report) closed at $114.10, marking a -2.55% move from the previous day. This change lagged the S&P 500's daily loss of 0.28%. Elsewhere, the Dow saw a downswing of 0.52%, while the tech-heavy Nasdaq depreciated by 0.08%.
Shares of the maker of automatic optical inspection and process enhancement systems have appreciated by 44.18% over the course of the past month, outperforming the Computer and Technology sector's gain of 7.19%, and the S&P 500's gain of 4.03%.
The investment community will be closely monitoring the performance of Camtek in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.8, marking a 6.67% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $125.05 million, indicating a 11.31% growth compared to the corresponding quarter of the prior year.
CAMT's full-year Zacks Consensus Estimates are calling for earnings of $3.18 per share and revenue of $493.28 million. These results would represent year-over-year changes of +12.37% and +14.92%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Camtek. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.02% lower within the past month. Camtek is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Camtek is presently trading at a Forward P/E ratio of 36.8. Its industry sports an average Forward P/E of 51.38, so one might conclude that Camtek is trading at a discount comparatively.
One should further note that CAMT currently holds a PEG ratio of 2.76. 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. Electronics - Measuring Instruments stocks are, on average, holding a PEG ratio of 2.44 based on yesterday's closing prices.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 26, positioning it in the top 11% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.