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Camtek (CAMT) Declines More Than Market: Some Information for Investors
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Camtek (CAMT - Free Report) ended the recent trading session at $142.78, demonstrating a -3.29% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.02%. Meanwhile, the Dow experienced a drop of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.15%.
Shares of the maker of automatic optical inspection and process enhancement systems have appreciated by 10.3% over the course of the past month, outperforming the Computer and Technology sector's gain of 3.58%, and the S&P 500's gain of 2.05%.
The investment community will be paying close attention to the earnings performance of Camtek in its upcoming release. The company is forecasted to report an EPS of $0.98, showcasing a 19.51% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $159.09 million, showing a 26.27% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $3.6 per share and a revenue of $593.36 million, demonstrating changes of +10.43% and +19.61%, respectively, from the preceding year.
Investors might also notice 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Camtek holds a Zacks Rank of #2 (Buy).
Looking at valuation, Camtek is presently trading at a Forward P/E ratio of 40.99. This represents a premium compared to its industry average Forward P/E of 38.94.
One should further note that CAMT currently holds a PEG ratio of 2.88. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Electronics - Measuring Instruments industry stood at 1.98 at the close of the market yesterday.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 6, this industry ranks in the top 3% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Camtek (CAMT) Declines More Than Market: Some Information for Investors
Camtek (CAMT - Free Report) ended the recent trading session at $142.78, demonstrating a -3.29% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.02%. Meanwhile, the Dow experienced a drop of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.15%.
Shares of the maker of automatic optical inspection and process enhancement systems have appreciated by 10.3% over the course of the past month, outperforming the Computer and Technology sector's gain of 3.58%, and the S&P 500's gain of 2.05%.
The investment community will be paying close attention to the earnings performance of Camtek in its upcoming release. The company is forecasted to report an EPS of $0.98, showcasing a 19.51% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $159.09 million, showing a 26.27% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $3.6 per share and a revenue of $593.36 million, demonstrating changes of +10.43% and +19.61%, respectively, from the preceding year.
Investors might also notice 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Camtek holds a Zacks Rank of #2 (Buy).
Looking at valuation, Camtek is presently trading at a Forward P/E ratio of 40.99. This represents a premium compared to its industry average Forward P/E of 38.94.
One should further note that CAMT currently holds a PEG ratio of 2.88. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Electronics - Measuring Instruments industry stood at 1.98 at the close of the market yesterday.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 6, this industry ranks in the top 3% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.