Onto Innovation(US:ONTO) ZACKSยท2025-07-18 23:16Company Overview - Onto Innovation (ONTO) ended the recent trading session at $96.95, showing a -1.77% change from the previous day's closing price, which is less than the S&P 500's daily loss of 0.01% [1] - Prior to today's trading, shares of Onto Innovation had gained 1.78%, lagging behind the Computer and Technology sector's gain of 7.44% and the S&P 500's gain of 5.37% [1] Financial Performance - Onto Innovation is projected to report earnings of $1.27 per share, representing a year-over-year decline of 3.79%, with a consensus estimate for revenue of $249.75 million, up 3.06% from the prior-year quarter [2] - Full-year Zacks Consensus Estimates call for earnings of $5.14 per share and revenue of $994.52 million, indicating year-over-year changes of -3.75% and +0.73%, respectively [3] Analyst Insights - Recent revisions to analyst forecasts for Onto Innovation are important as they reflect changing business trends, with positive alterations indicating analyst optimism regarding the business and profitability [3] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Onto Innovation at 3 (Hold), with the Zacks Consensus EPS estimate remaining stagnant over the past month [5] Valuation Metrics - Onto Innovation has a Forward P/E ratio of 19.22, which shows no noticeable deviation compared to its industry's Forward P/E of 19.22 [6] - The company has a PEG ratio of 0.64, indicating a favorable valuation relative to its expected earnings growth rate, consistent with the average PEG ratio of nanotechnology stocks [7] Industry Context - The Nanotechnology industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 92, placing it in the top 38% of all 250+ industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]