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Onto Innovation (ONTO) Outpaces Stock Market Gains: What You Should Know
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Onto Innovation (ONTO - Free Report) closed at $203.53 in the latest trading session, marking a +2.44% move from the prior day. This change outpaced the S&P 500's 0.7% gain on the day. At the same time, the Dow added 0.28%, and the tech-heavy Nasdaq gained 0.83%.
Shares of the maker of semiconductor manufacturing equipment have depreciated by 30.93% over the course of the past month, underperforming the Computer and Technology sector's loss of 7.7%, and the S&P 500's loss of 1.21%.
Market participants will be closely following the financial results of Onto Innovation in its upcoming release. The company plans to announce its earnings on November 9, 2026. It is anticipated that the company will report an EPS of $2.27, marking a 146.74% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $390.66 million, up 79.05% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $8.04 per share and a revenue of $1.42 billion, representing changes of +62.75% and +41.22%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Onto Innovation. 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. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Onto Innovation holds a Zacks Rank of #2 (Buy).
Investors should also note Onto Innovation's current valuation metrics, including its Forward P/E ratio of 24.71. This signifies no noticeable deviation in comparison to the average Forward P/E of 24.71 for its industry.
Meanwhile, ONTO's PEG ratio is currently 0.65. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Nanotechnology industry currently had an average PEG ratio of 0.65 as of yesterday's close.
The Nanotechnology industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 7, placing it within the top 3% of over 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Onto Innovation (ONTO) Outpaces Stock Market Gains: What You Should Know
Onto Innovation (ONTO - Free Report) closed at $203.53 in the latest trading session, marking a +2.44% move from the prior day. This change outpaced the S&P 500's 0.7% gain on the day. At the same time, the Dow added 0.28%, and the tech-heavy Nasdaq gained 0.83%.
Shares of the maker of semiconductor manufacturing equipment have depreciated by 30.93% over the course of the past month, underperforming the Computer and Technology sector's loss of 7.7%, and the S&P 500's loss of 1.21%.
Market participants will be closely following the financial results of Onto Innovation in its upcoming release. The company plans to announce its earnings on November 9, 2026. It is anticipated that the company will report an EPS of $2.27, marking a 146.74% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $390.66 million, up 79.05% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $8.04 per share and a revenue of $1.42 billion, representing changes of +62.75% and +41.22%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Onto Innovation. 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. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Onto Innovation holds a Zacks Rank of #2 (Buy).
Investors should also note Onto Innovation's current valuation metrics, including its Forward P/E ratio of 24.71. This signifies no noticeable deviation in comparison to the average Forward P/E of 24.71 for its industry.
Meanwhile, ONTO's PEG ratio is currently 0.65. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Nanotechnology industry currently had an average PEG ratio of 0.65 as of yesterday's close.
The Nanotechnology industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 7, placing it within the top 3% of over 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.