Camtek (CAMT) closed at $122.24 in the latest trading session, marking a -2.39% move from the prior day. This change lagged the S&P 500's 0.63% loss on the day. At the same time, the Dow lost 0.65%, and the tech-heavy Nasdaq lost 0.47%.
Prior to today's trading, shares of the maker of automatic optical inspection and process enhancement systems had gained 40.71% outpaced the Computer and Technology sector's gain of 1.9% and the S&P 500's gain of 0.92%.
The upcoming earnings release of Camtek will be of great interest to investors. In that report, analysts expect Camtek to post earnings of $0.8 per share. This would mark year-over-year growth of 6.67%. At the same time, our most recent consensus estimate is projecting a revenue of $125.05 million, reflecting a 11.31% rise from the equivalent quarter last year.
CAMT's full-year Zacks Consensus Estimates are calling for earnings of $3.18 per share and revenue of $493.28 million. These results would represent year-over-year changes of +12.37% and +14.92%, respectively.
Investors might also notice recent changes to analyst estimates for Camtek. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.02% lower within the past month. Right now, Camtek possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Camtek is presently trading at a Forward P/E ratio of 39.34. This represents a discount compared to its industry average Forward P/E of 45.
Also, we should mention that CAMT has a PEG ratio of 2.87. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Measuring Instruments industry currently had an average PEG ratio of 2.45 as of yesterday's close.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 96, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Camtek Ltd. (CAMT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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