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Why Onto Innovation (ONTO) Dipped More Than Broader Market Today
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Onto Innovation (ONTO - Free Report) closed the most recent trading day at $191.40, moving -5.05% from the previous trading session. This change lagged the S&P 500's daily loss of 0.51%. On the other hand, the Dow registered a gain of 0.41%, and the technology-centric Nasdaq decreased by 1.07%.
Coming into today, shares of the maker of semiconductor manufacturing equipment had lost 38.5% in the past month. In that same time, the Computer and Technology sector lost 9.88%, while the S&P 500 lost 0.87%.
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 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. At the same time, our most recent consensus estimate is projecting a revenue of $390.66 million, reflecting a 79.05% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $8.04 per share and a revenue of $1.42 billion, indicating changes of +62.75% and +41.22%, respectively, from the former year.
Any recent changes to analyst estimates for Onto Innovation should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, Onto Innovation holds a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Onto Innovation is holding a Forward P/E ratio of 25.07. This expresses no noticeable deviation compared to the average Forward P/E of 25.07 of its industry.
Investors should also note that ONTO has a PEG ratio of 0.66 right now. 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 average PEG ratio for the Nanotechnology industry stood at 0.66 at the close of the market yesterday.
The Nanotechnology industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 1, this industry ranks in the top 1% of all industries, numbering over 250.
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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Why Onto Innovation (ONTO) Dipped More Than Broader Market Today
Onto Innovation (ONTO - Free Report) closed the most recent trading day at $191.40, moving -5.05% from the previous trading session. This change lagged the S&P 500's daily loss of 0.51%. On the other hand, the Dow registered a gain of 0.41%, and the technology-centric Nasdaq decreased by 1.07%.
Coming into today, shares of the maker of semiconductor manufacturing equipment had lost 38.5% in the past month. In that same time, the Computer and Technology sector lost 9.88%, while the S&P 500 lost 0.87%.
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 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. At the same time, our most recent consensus estimate is projecting a revenue of $390.66 million, reflecting a 79.05% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $8.04 per share and a revenue of $1.42 billion, indicating changes of +62.75% and +41.22%, respectively, from the former year.
Any recent changes to analyst estimates for Onto Innovation should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, Onto Innovation holds a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Onto Innovation is holding a Forward P/E ratio of 25.07. This expresses no noticeable deviation compared to the average Forward P/E of 25.07 of its industry.
Investors should also note that ONTO has a PEG ratio of 0.66 right now. 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 average PEG ratio for the Nanotechnology industry stood at 0.66 at the close of the market yesterday.
The Nanotechnology industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 1, this industry ranks in the top 1% of all industries, numbering over 250.
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.