Camtek (CAMT) Q3 Earnings and Revenues Beat Estimates

Core Insights - Camtek (CAMT) reported quarterly earnings of $0.75 per share, exceeding the Zacks Consensus Estimate of $0.70 per share, and up from $0.51 per share a year ago [1][2] - The company achieved revenues of $112.34 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.25% and increasing from $80.47 million year-over-year [3] Earnings Performance - The earnings surprise for the quarter was 7.14%, with the company having surpassed consensus EPS estimates in all four of the last quarters [2] - Camtek's shares have increased approximately 13.4% since the beginning of the year, while the S&P 500 has gained 25.8% [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.71 on revenues of $112.55 million, and for the current fiscal year, it is $2.71 on revenues of $420.95 million [8] - The estimate revisions trend for Camtek is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Industry Context - Camtek operates within the Zacks Electronics - Measuring Instruments industry, which is currently ranked in the top 11% of over 250 Zacks industries, suggesting a favorable industry outlook [9]