Onto Innovation (ONTO) stock closed at $219.56, down -0.2%

From Nasdaq: 2024-06-28 18:15:19

Onto Innovation (ONTO) closed at $219.56, down -0.2% from the prior day. It outperformed the S&P 500 and Nasdaq but fell short of the Dow. Analysts project EPS of $1.19, a 50.63% increase YoY, with revenue anticipated to be $235.6 million, up 23.57%. Zacks Rank currently rates ONTO as a #1 (Strong Buy).

The Zacks Consensus Estimates predict full-year earnings for Onto Innovation at $5.05 per share, a +35.39% change from the previous year, and revenue of $941.16 million, up by +15.36%. Recent positive analyst revisions reflect confidence in the company’s performance and profit potential, correlated with near-term stock prices.

With a Forward P/E ratio of 43.56, Onto Innovation may be trading at a premium compared to the industry average of 32.98. The Nanotechnology sector, where ONTO operates, has a Zacks Industry Rank of 2, positioning it in the top 1% of all industries. Industry Rank evaluations show top-ranking industries outperform the bottom half 2 to 1.

To track stock-moving metrics, visit Zacks.com. Stay updated on stock recommendations and analysis from Zacks Investment Research for the latest insights on Onto Innovation. Zacks Rank currently rates ONTO as a #1 (Strong Buy), indicating high growth potential. Examine the full report for further details and insights.



Read more at Nasdaq: Onto Innovation (ONTO) Stock Moves -0.2%: What You Should Know