Onto Innovation (ONTO) closed at $96.95, down 1.77% from the previous day. The stock underperformed the S&P 500, which had a minimal loss. ONTO’s full-year estimates forecast earnings of $5.14 per share and revenue of $994.52 million. The company’s current valuation metrics include a Forward P/E ratio of 19.22 and a PEG ratio of 0.64.

Investors are urged to monitor Onto Innovation’s upcoming financial results closely. The company is expected to report earnings of $1.27 per share, with revenue projected at $249.75 million. Analyst forecast revisions impact stock prices, with positive changes reflecting optimism. The Zacks Rank system, with a current rating of #3 (Hold) for ONTO, has historically shown superior performance.

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Read more at Nasdaq: Why Onto Innovation (ONTO) Dipped More Than Broader Market Today