Onto Innovation(US:ONTO) ZACKSยท2025-10-15 23:16Company Performance - Onto Innovation (ONTO) closed at $133.08, reflecting a +2.07% increase from the previous day, outperforming the S&P 500's daily gain of 0.4% [1] - Prior to the latest trading session, ONTO shares had gained 8.13%, surpassing the Computer and Technology sector's gain of 2.27% and the S&P 500's gain of 1.02% [1] Upcoming Earnings - The upcoming earnings disclosure is highly anticipated, with projected earnings per share (EPS) of $0.87, indicating a 35.07% decrease from the same quarter last year [2] - Revenue is forecasted to be $218.24 million, reflecting a 13.47% decline compared to the corresponding quarter of the previous year [2] Fiscal Year Estimates - For the entire fiscal year, Zacks Consensus Estimates predict earnings of $4.89 per share and revenue of $995.73 million, showing changes of -8.43% and +0.85% respectively from the previous year [3] - Recent changes to analyst estimates are crucial as they often indicate shifts in near-term business trends, with positive alterations suggesting analyst optimism [3] Valuation Metrics - Onto Innovation is currently trading at a Forward P/E ratio of 26.68, which aligns with the industry average [6] - The company has a PEG ratio of 0.89, matching the industry average, indicating a balance between earnings growth expectations and valuation [7] Industry Context - The Nanotechnology industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 232, placing it in the bottom 7% of over 250 industries [7] - The strength of individual industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [8]