Onto Innovation (ONTO) closed at $139.83, up 1.89% from the previous day, outperforming the S&P 500, Nasdaq, and Dow. Before today’s trading, ONTO shares had gained 33.68%, surpassing the Computer and Technology sector. Analysts expect earnings of $0.89 per share, a 33.58% YoY decline, with revenue expected to decrease by 13.47%.

Analysts anticipate Onto Innovation’s upcoming earnings report to show a year-over-year decline in both earnings and revenue. The Zacks Consensus Estimates predict earnings of $4.92 per share for the entire fiscal year. The Zacks Rank system, currently rating ONTO as a #4 (Sell), takes into account analyst estimate revisions and provides actionable insights for investors.

Onto Innovation is trading at a Forward P/E ratio of 27.91, in line with industry averages. The company has a PEG ratio of 0.93, similar to the Nanotechnology industry average. The Nanotechnology industry has a Zacks Industry Rank of 235, placing it in the bottom 5% of all industries, according to Zacks Industry Rank analysis.

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