Camtek (CAMT) Surpasses Q2 Earnings and Revenue Estimates

Core Viewpoint - Camtek (CAMT) reported quarterly earnings of $0.66 per share, exceeding the Zacks Consensus Estimate of $0.65 per share, and showing an increase from $0.45 per share a year ago [1][2] Financial Performance - The company achieved revenues of $102.59 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.13% and up from $73.76 million year-over-year [3] - Camtek has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2][3] Stock Performance - Camtek shares have increased approximately 51.3% since the beginning of the year, significantly outperforming the S&P 500's gain of 15.8% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.66 on revenues of $103.93 million, and for the current fiscal year, it is $2.61 on revenues of $409.15 million [8] - The outlook for the Electronics - Measuring Instruments industry, where Camtek operates, is currently in the bottom 8% of Zacks industries, which may impact stock performance [9]