Camtek (CAMT) ended the recent trading session at $132.92, demonstrating a -2.7% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.53%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 1%.
Shares of the maker of automatic optical inspection and process enhancement systems witnessed a gain of 22.73% over the previous month, beating the performance of the Computer and Technology sector with its gain of 2.62%, and the S&P 500's gain of 2.06%.
The upcoming earnings release of Camtek will be of great interest to investors. In that report, analysts expect Camtek to post earnings of $0.83 per share. This would mark year-over-year growth of 7.79%. Alongside, our most recent consensus estimate is anticipating revenue of $127.21 million, indicating a 8.46% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.21 per share and revenue of $495.14 million. These totals would mark changes of +13.43% and 0%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Camtek. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Within the past 30 days, our consensus EPS projection remained stagnant. Camtek is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Camtek is at present trading with a Forward P/E ratio of 40.74. This signifies a premium in comparison to the average Forward P/E of 33.51 for its industry.
It's also important to note that CAMT currently trades at a PEG ratio of 2.61. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Electronics - Measuring Instruments industry had an average PEG ratio of 2.29 as trading concluded yesterday.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 194, positioning it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Camtek Ltd. (CAMT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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