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Camtek (CAMT) Outpaces Stock Market Gains: What You Should Know
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Camtek (CAMT - Free Report) ended the recent trading session at $146.33, demonstrating a +1.24% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 1.16% for the day. Meanwhile, the Dow gained 1.21%, and the Nasdaq, a tech-heavy index, added 1.18%.
Shares of the maker of automatic optical inspection and process enhancement systems witnessed a gain of 32.86% over the previous month, beating the performance of the Computer and Technology sector with its loss of 1.07%, and the S&P 500's loss of 0.42%.
Investors will be eagerly watching for the performance of Camtek in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.83, indicating a 7.79% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $127.21 million, reflecting a 8.46% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.21 per share and a revenue of $495.14 million, signifying shifts of +13.43% and 0%, respectively, from the last year.
Any recent changes to analyst estimates for Camtek should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 remained steady. At present, Camtek boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Camtek currently has a Forward P/E ratio of 43.11. Its industry sports an average Forward P/E of 26.6, so one might conclude that Camtek is trading at a premium comparatively.
Investors should also note that CAMT has a PEG ratio of 2.77 right now. 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. The Electronics - Measuring Instruments was holding an average PEG ratio of 2.39 at yesterday's closing price.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 193, finds itself in the bottom 22% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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) Outpaces Stock Market Gains: What You Should Know
Camtek (CAMT - Free Report) ended the recent trading session at $146.33, demonstrating a +1.24% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 1.16% for the day. Meanwhile, the Dow gained 1.21%, and the Nasdaq, a tech-heavy index, added 1.18%.
Shares of the maker of automatic optical inspection and process enhancement systems witnessed a gain of 32.86% over the previous month, beating the performance of the Computer and Technology sector with its loss of 1.07%, and the S&P 500's loss of 0.42%.
Investors will be eagerly watching for the performance of Camtek in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.83, indicating a 7.79% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $127.21 million, reflecting a 8.46% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.21 per share and a revenue of $495.14 million, signifying shifts of +13.43% and 0%, respectively, from the last year.
Any recent changes to analyst estimates for Camtek should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 remained steady. At present, Camtek boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Camtek currently has a Forward P/E ratio of 43.11. Its industry sports an average Forward P/E of 26.6, so one might conclude that Camtek is trading at a premium comparatively.
Investors should also note that CAMT has a PEG ratio of 2.77 right now. 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. The Electronics - Measuring Instruments was holding an average PEG ratio of 2.39 at yesterday's closing price.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 193, finds itself in the bottom 22% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.