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Onto Innovation (ONTO) Advances While Market Declines: Some Information for Investors
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In the latest close session, Onto Innovation (ONTO - Free Report) was up +1.49% at $295.09. The stock outpaced the S&P 500's daily loss of 0.24%. At the same time, the Dow lost 0.01%, and the tech-heavy Nasdaq lost 0.26%.
Coming into today, shares of the maker of semiconductor manufacturing equipment had gained 45.26% in the past month. In that same time, the Computer and Technology sector gained 9.41%, while the S&P 500 gained 6.42%.
The investment community will be paying close attention to the earnings performance of Onto Innovation in its upcoming release. The company is slated to reveal its earnings on May 5, 2026. The company is expected to report EPS of $1.32, down 12.58% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $280.67 million, indicating a 5.27% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.48 per share and revenue of $1.26 billion, indicating changes of +31.17% and +25.19%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Onto Innovation. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.19% higher. Onto Innovation presently features a Zacks Rank of #2 (Buy).
In terms of valuation, Onto Innovation is currently trading at a Forward P/E ratio of 44.86. This represents no noticeable deviation compared to its industry average Forward P/E of 44.86.
One should further note that ONTO currently holds a PEG ratio of 1.5. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Nanotechnology industry had an average PEG ratio of 1.5 as trading concluded yesterday.
The Nanotechnology industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 8, putting it in the top 4% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Onto Innovation (ONTO) Advances While Market Declines: Some Information for Investors
In the latest close session, Onto Innovation (ONTO - Free Report) was up +1.49% at $295.09. The stock outpaced the S&P 500's daily loss of 0.24%. At the same time, the Dow lost 0.01%, and the tech-heavy Nasdaq lost 0.26%.
Coming into today, shares of the maker of semiconductor manufacturing equipment had gained 45.26% in the past month. In that same time, the Computer and Technology sector gained 9.41%, while the S&P 500 gained 6.42%.
The investment community will be paying close attention to the earnings performance of Onto Innovation in its upcoming release. The company is slated to reveal its earnings on May 5, 2026. The company is expected to report EPS of $1.32, down 12.58% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $280.67 million, indicating a 5.27% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.48 per share and revenue of $1.26 billion, indicating changes of +31.17% and +25.19%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Onto Innovation. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.19% higher. Onto Innovation presently features a Zacks Rank of #2 (Buy).
In terms of valuation, Onto Innovation is currently trading at a Forward P/E ratio of 44.86. This represents no noticeable deviation compared to its industry average Forward P/E of 44.86.
One should further note that ONTO currently holds a PEG ratio of 1.5. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Nanotechnology industry had an average PEG ratio of 1.5 as trading concluded yesterday.
The Nanotechnology industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 8, putting it in the top 4% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.