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Camtek (CAMT) Stock Moves 1.07%: What You Should Know
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Camtek (CAMT - Free Report) closed the most recent trading day at $151.23, moving +1.07% from the previous trading session. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq gained 0.45%.
The stock of maker of automatic optical inspection and process enhancement systems has risen by 5.13% in the past month, lagging the Computer and Technology sector's gain of 6.18% and overreaching the S&P 500's gain of 1.27%.
The investment community will be closely monitoring the performance of Camtek in its forthcoming earnings report. The company is expected to report EPS of $0.98, up 19.51% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $159.09 million, indicating a 26.27% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.6 per share and revenue of $593.36 million. These totals would mark changes of +10.43% and +19.61%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Camtek. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Camtek holds a Zacks Rank of #3 (Hold).
In terms of valuation, Camtek is presently being traded at a Forward P/E ratio of 41.55. This denotes a premium relative to the industry average Forward P/E of 33.28.
It is also worth noting that CAMT currently has a PEG ratio of 2.92. 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 Electronics - Measuring Instruments was holding an average PEG ratio of 1.95 at yesterday's closing price.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 22, placing it within the top 9% of over 250 industries.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Camtek (CAMT) Stock Moves 1.07%: What You Should Know
Camtek (CAMT - Free Report) closed the most recent trading day at $151.23, moving +1.07% from the previous trading session. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq gained 0.45%.
The stock of maker of automatic optical inspection and process enhancement systems has risen by 5.13% in the past month, lagging the Computer and Technology sector's gain of 6.18% and overreaching the S&P 500's gain of 1.27%.
The investment community will be closely monitoring the performance of Camtek in its forthcoming earnings report. The company is expected to report EPS of $0.98, up 19.51% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $159.09 million, indicating a 26.27% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.6 per share and revenue of $593.36 million. These totals would mark changes of +10.43% and +19.61%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Camtek. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Camtek holds a Zacks Rank of #3 (Hold).
In terms of valuation, Camtek is presently being traded at a Forward P/E ratio of 41.55. This denotes a premium relative to the industry average Forward P/E of 33.28.
It is also worth noting that CAMT currently has a PEG ratio of 2.92. 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 Electronics - Measuring Instruments was holding an average PEG ratio of 1.95 at yesterday's closing price.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 22, placing it within the top 9% of over 250 industries.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.