Camtek (CAMT) closed the most recent trading day at $136.78, moving -4.88% from the previous trading session. This change lagged the S&P 500's 0.79% loss on the day. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq decreased by 1.55%.
The maker of automatic optical inspection and process enhancement systems's shares have seen a decrease of 25.6% over the last month, not keeping up with the Computer and Technology sector's gain of 3.44% and the S&P 500's gain of 4.28%.
Investors will be eagerly watching for the performance of Camtek in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.76, indicating a 3.8% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $130.23 million, indicating a 5.6% upward movement from the same quarter last year.
CAMT's full-year Zacks Consensus Estimates are calling for earnings of $3.47 per share and revenue of $569.63 million. These results would represent year-over-year changes of +6.44% and +14.83%, respectively.
Investors might also notice recent changes to analyst estimates for Camtek. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Camtek is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Camtek is currently trading at a Forward P/E ratio of 41.39. For comparison, its industry has an average Forward P/E of 37.64, which means Camtek is trading at a premium to the group.
Meanwhile, CAMT's PEG ratio is currently 3.12. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Measuring Instruments industry currently had an average PEG ratio of 2.38 as of yesterday's close.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 17, putting it in the top 7% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Camtek Ltd. (CAMT): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).