Onto Innovation (ONTO) Stock Falls Amid Market Uptick: What Investors Need to Know

Company Performance - Onto Innovation (ONTO) closed at $122.28, reflecting a -1.96% change from the previous day, underperforming the S&P 500's gain of 0.58% [1] - Over the past month, Onto Innovation's shares have increased by 2.79%, outperforming the Computer and Technology sector's gain of 0.6% and the S&P 500's loss of 0.84% [1] Upcoming Earnings - The company's earnings report is scheduled for May 8, 2025, with an expected EPS of$ 1.47, indicating a 24.58% increase from the same quarter last year [2] - The Zacks Consensus Estimate for revenue is projected at $264.96 million, up 15.78% from the previous year [2] Fiscal Year Estimates - For the entire fiscal year, the Zacks Consensus Estimates predict earnings of$ 6.09 per share and revenue of $1.07 billion, reflecting increases of +14.04% and +8.62% respectively from the prior year [3] Analyst Estimates - Recent changes in analyst estimates for Onto Innovation are crucial as they reflect short-term business trends, with positive revisions indicating analyst optimism about the company's profitability [4] - The Zacks Consensus EPS estimate has decreased by 3.21% in the past month, and Onto Innovation currently holds a Zacks Rank of 4 (Sell) [6] Valuation Metrics - Onto Innovation is trading at a Forward P/E ratio of 20.5, which is in line with the industry's average [7] - The company has a PEG ratio of 0.68, indicating a favorable valuation relative to its expected earnings growth [7] Industry Context - The Nanotechnology industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 240, placing it in the bottom 4% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]