Company Performance - Onto Innovation (ONTO) closed at $116.00, down 3.8% from the previous trading session, underperforming the S&P 500 which lost 0.1% [1] - The stock has increased by 12.11% over the past month, outperforming the Computer and Technology sector's gain of 5.94% and the S&P 500's gain of 2.57% [1] Earnings Expectations - The upcoming earnings report is expected to show an EPS of $0.89, a decrease of 33.58% from the same quarter last year [2] - Quarterly revenue is projected at $218.24 million, down 13.47% year-over-year [2] Full Year Projections - For the full year, earnings are estimated at $4.92 per share, reflecting a decline of 7.87%, while revenue is projected at $992.52 million, a slight increase of 0.53% from the previous year [3] Analyst Estimates - Recent changes to analyst estimates indicate a positive outlook for Onto Innovation, as these revisions often correlate with near-term business trends [3][4] - The Zacks Consensus EPS estimate has decreased by 1.11% in the past month, and Onto Innovation currently holds a Zacks Rank of 4 (Sell) [5] Valuation Metrics - Onto Innovation has a Forward P/E ratio of 24.52, which is in line with the industry average [6] - The company has a PEG ratio of 0.82, indicating a favorable valuation relative to its expected earnings growth [7] Industry Context - The Nanotechnology industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 233, placing it in the bottom 6% of over 250 industries [8]
Onto Innovation (ONTO) Sees a More Significant Dip Than Broader Market: Some Facts to Know