Onto Innovation (ONTO) closed the most recent trading day at $219.62, moving -2.94% from the previous trading session. This change lagged the S&P 500's 0.28% gain on the day. Meanwhile, the Dow experienced a rise of 1.02%, and the technology-dominated Nasdaq saw a decrease of 0.02%.
Shares of the maker of semiconductor manufacturing equipment witnessed a loss of 18.01% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 2.28%, and the S&P 500's gain of 0.67%.
The investment community will be paying close attention to the earnings performance of Onto Innovation in its upcoming release. The company is slated to reveal its earnings on November 9, 2026. The company is forecasted to report an EPS of $2.27, showcasing a 146.74% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $390.66 million, up 79.05% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.04 per share and revenue of $1.42 billion, indicating changes of +62.75% and +41.22%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Onto Innovation should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Onto Innovation currently has a Zacks Rank of #2 (Buy).
In the context of valuation, Onto Innovation is at present trading with a Forward P/E ratio of 28.14. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 28.14.
It's also important to note that ONTO currently trades at a PEG ratio of 0.74. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Nanotechnology industry was having an average PEG ratio of 0.74.
The Nanotechnology industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 5, placing it within the top 3% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Onto Innovation Inc. (ONTO): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).