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Camtek (CAMT) Outperforms Broader Market: What You Need to Know
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Camtek (CAMT - Free Report) closed the most recent trading day at $197.54, moving +2.21% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 1.65%. On the other hand, the Dow registered a gain of 0.92%, and the technology-centric Nasdaq increased by 3.07%.
Prior to today's trading, shares of the maker of automatic optical inspection and process enhancement systems had gained 14.8% outpaced the Computer and Technology sector's gain of 0.33% and the S&P 500's gain of 0.48%.
The upcoming earnings release of Camtek will be of great interest to investors. The company is predicted to post an EPS of $0.76, indicating a 3.8% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $130.23 million, indicating a 5.6% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.47 per share and revenue of $569.63 million, indicating changes of +6.44% and +14.83%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Camtek should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Camtek is currently a Zacks Rank #3 (Hold).
Looking at valuation, Camtek is presently trading at a Forward P/E ratio of 55.63. This valuation marks a premium compared to its industry average Forward P/E of 38.67.
One should further note that CAMT currently holds a PEG ratio of 4.19. 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 2.98.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 42, this industry ranks in the top 18% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Camtek (CAMT) Outperforms Broader Market: What You Need to Know
Camtek (CAMT - Free Report) closed the most recent trading day at $197.54, moving +2.21% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 1.65%. On the other hand, the Dow registered a gain of 0.92%, and the technology-centric Nasdaq increased by 3.07%.
Prior to today's trading, shares of the maker of automatic optical inspection and process enhancement systems had gained 14.8% outpaced the Computer and Technology sector's gain of 0.33% and the S&P 500's gain of 0.48%.
The upcoming earnings release of Camtek will be of great interest to investors. The company is predicted to post an EPS of $0.76, indicating a 3.8% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $130.23 million, indicating a 5.6% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.47 per share and revenue of $569.63 million, indicating changes of +6.44% and +14.83%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Camtek should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Camtek is currently a Zacks Rank #3 (Hold).
Looking at valuation, Camtek is presently trading at a Forward P/E ratio of 55.63. This valuation marks a premium compared to its industry average Forward P/E of 38.67.
One should further note that CAMT currently holds a PEG ratio of 4.19. 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 2.98.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 42, this industry ranks in the top 18% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.