Onto Innovation (ONTO) ended the recent trading session at $134.68, demonstrating a +2.08% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.79%. At the same time, the Dow added 1.01%, and the tech-heavy Nasdaq gained 1.15%.
Prior to today's trading, shares of the maker of semiconductor manufacturing equipment had gained 3.13% outpaced the Computer and Technology sector's gain of 1.2% and the S&P 500's gain of 1.27%.
The investment community will be closely monitoring the performance of Onto Innovation in its forthcoming earnings report. The company is scheduled to release its earnings on November 6, 2025. On that day, Onto Innovation is projected to report earnings of $0.87 per share, which would represent a year-over-year decline of 35.07%. Alongside, our most recent consensus estimate is anticipating revenue of $218.24 million, indicating a 13.47% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $4.89 per share and a revenue of $995.73 million, demonstrating changes of -8.43% and +0.85%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Onto Innovation. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.62% decrease. Onto Innovation is currently a Zacks Rank #4 (Sell).
Digging into valuation, Onto Innovation currently has a Forward P/E ratio of 27. This expresses no noticeable deviation compared to the average Forward P/E of 27 of its industry.
It is also worth noting that ONTO currently has a PEG ratio of 0.9. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Nanotechnology stocks are, on average, holding a PEG ratio of 0.9 based on yesterday's closing prices.
The Nanotechnology industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 231, positioning it in the bottom 7% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Onto Innovation Inc. (ONTO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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