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Camtek (CAMT) Dips More Than Broader Market: What You Should Know
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Camtek (CAMT - Free Report) closed the most recent trading day at $124.03, moving -3.28% from the previous trading session. This move lagged the S&P 500's daily loss of 0.99%. Elsewhere, the Dow saw a downswing of 0.23%, while the tech-heavy Nasdaq depreciated by 1.58%.
Heading into today, shares of the maker of automatic optical inspection and process enhancement systems had gained 13.06% over the past month, outpacing the Computer and Technology sector's gain of 7.77% and the S&P 500's gain of 3.59%.
The upcoming earnings release of Camtek will be of great interest to investors. The company is forecasted to report an EPS of $0.8, showcasing a 6.67% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $125.05 million, indicating a 11.31% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.18 per share and revenue of $493.28 million. These totals would mark changes of +12.37% and +14.92%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Camtek. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.02% downward. As of now, Camtek holds a Zacks Rank of #3 (Hold).
Digging into valuation, Camtek currently has a Forward P/E ratio of 40.28. This denotes a discount relative to the industry average Forward P/E of 51.09.
We can also see that CAMT currently has a PEG ratio of 2.94. 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 of the close of trade yesterday, the Electronics - Measuring Instruments industry held an average PEG ratio of 2.52.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 53, this industry ranks in the top 22% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Camtek (CAMT) Dips More Than Broader Market: What You Should Know
Camtek (CAMT - Free Report) closed the most recent trading day at $124.03, moving -3.28% from the previous trading session. This move lagged the S&P 500's daily loss of 0.99%. Elsewhere, the Dow saw a downswing of 0.23%, while the tech-heavy Nasdaq depreciated by 1.58%.
Heading into today, shares of the maker of automatic optical inspection and process enhancement systems had gained 13.06% over the past month, outpacing the Computer and Technology sector's gain of 7.77% and the S&P 500's gain of 3.59%.
The upcoming earnings release of Camtek will be of great interest to investors. The company is forecasted to report an EPS of $0.8, showcasing a 6.67% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $125.05 million, indicating a 11.31% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.18 per share and revenue of $493.28 million. These totals would mark changes of +12.37% and +14.92%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Camtek. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.02% downward. As of now, Camtek holds a Zacks Rank of #3 (Hold).
Digging into valuation, Camtek currently has a Forward P/E ratio of 40.28. This denotes a discount relative to the industry average Forward P/E of 51.09.
We can also see that CAMT currently has a PEG ratio of 2.94. 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 of the close of trade yesterday, the Electronics - Measuring Instruments industry held an average PEG ratio of 2.52.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 53, this industry ranks in the top 22% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.