Company Performance - Onto Innovation (ONTO) closed at $137.62, reflecting a +1.94% change from the previous session, outperforming the S&P 500's daily gain of 1.08% [1] - Over the past month, ONTO shares have depreciated by 21.85%, underperforming the Computer and Technology sector's loss of 13.17% and the S&P 500's loss of 8.26% [1] Upcoming Earnings - Onto Innovation is projected to report earnings of $1.47 per share, indicating a year-over-year growth of 24.58% [2] - Revenue is expected to be $265.98 million, showing a 16.23% increase compared to the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $6.30 per share and revenue at $1.1 billion, representing changes of +17.98% and +11.25% from the prior year, respectively [3] - Recent changes in analyst estimates reflect favorable outlooks on the company's business health and profitability [3] Zacks Rank and Valuation - Onto Innovation currently holds a Zacks Rank of 3 (Hold), with a recent 0.32% decrease in the Zacks Consensus EPS estimate over the last 30 days [5] - The company is trading at a Forward P/E ratio of 21.42, which aligns with the industry's average [6] - The PEG ratio for ONTO is 0.71, matching the average PEG ratio of the Nanotechnology industry [6] Industry Overview - The Nanotechnology industry, part of the Computer and Technology sector, ranks in the top 34% of all industries according to the Zacks Industry Rank [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]