Onto Innovation shares closed at $283.81, up 2.84% from the prior session, as the company heads into its upcoming earnings release with analysts projecting earnings per share of $2.27, a 146.74% increase from the same quarter last year, on revenue of $390.66 million, up 79.05% year over year. For the full year, the Zacks Consensus Estimates call for earnings of $8.04 per share and revenue of $1.42 billion, representing changes of +62.75% and +41.22%, respectively, from last year. Over the past month, the Zacks Consensus EPS estimate has risen 1.98%, and Onto Innovation currently carries a Zacks Rank of #1 (Strong Buy). The stock trades at a Forward P/E ratio of 34.33, in line with its industry average, and a PEG ratio of 0.9, matching the Nanotechnology industry average of 0.9 as of yesterday's close. The Nanotechnology industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 1, placing it in the top 1% of more than 250 industries.
Onto Innovation IncAnalysts project 146.74% EPS growth and 79.05% revenue growth for the upcoming earnings, with a Zacks Rank #1 Strong Buy and rising EPS estimates.
