Shares Rise 2.68% to $214 as Analysts Forecast Q4 EPS Decline
Onto Innovation shares rose 2.68% to close at $214.08, outpacing the S&P 500's 0.47% gain and climbing nearly 10% over the past month versus a 1.96% sector loss. Analysts project February 19 earnings of $1.27 per share (down 15.9% year-over-year) on $266.1M revenue (up 0.8% YoY).
1. Stock Performance
Onto Innovation closed at $214.08, up 2.68% from the prior session, surpassing a 0.47% rise in the S&P 500 and a 0.9% gain in the Nasdaq. Over the past month, the stock has climbed 9.94%, outpacing a 1.96% loss in the Computer and Technology sector and a 0.16% decline in the S&P 500.
2. Q4 Earnings and Revenue Projections
Investors are focused on the February 19 earnings release, where EPS of $1.27 is anticipated, reflecting a 15.89% year-over-year drop, and revenue of $266.11 million is expected, marking a 0.82% increase. Full-year consensus estimates call for $4.96 EPS (down 7.12%) on $1.00 billion revenue (up 1.74%).
3. Valuation and Analyst Outlook
The company carries a Zacks Rank #2 (Buy) after a 1.48% upward revision in EPS estimates over the past 30 days. Shares trade at a forward P/E of 34.58 and a PEG ratio of 1.15, both in line with industry averages, while the Nanotechnology industry ranks in the top 3% of over 250 industries.