In the latest trading session, Camtek (CAMT) closed at $118.08, marking a +1.87% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.58%. Meanwhile, the Dow experienced a rise of 0.31%, and the technology-dominated Nasdaq saw an increase of 0.89%.
The stock of maker of automatic optical inspection and process enhancement systems has risen by 13.08% in the past month, leading the Computer and Technology sector's loss of 0.5% and the S&P 500's gain of 0.16%.
Market participants will be closely following the financial results of Camtek in its upcoming release. The company is predicted to post an EPS of $0.8, indicating a 6.67% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $125.05 million, showing a 11.31% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.18 per share and a revenue of $493.28 million, representing changes of +12.37% and +14.92%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Camtek. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.02% downward. Camtek is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Camtek is presently being traded at a Forward P/E ratio of 36.41. This denotes a discount relative to the industry average Forward P/E of 42.2.
We can also see that CAMT currently has a PEG ratio of 2.65. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. CAMT's industry had an average PEG ratio of 2.34 as of yesterday's close.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 50, positioning it in the top 21% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next 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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