Onto Innovation Inc expected to post earnings of $1.01 a share - Earnings Preview

Onto Innovation

06/02/2024 23:00

* Onto Innovation Inc  ONTO.N   ONTO.K  is expected to show
a fall
in quarterly revenue when it reports  results on February 8 for
the period ending December 31 2023
    * The Wilmington Massachusetts-based  company is expected to
report a 17.5% decrease in revenue to $209.06 million from
$253.27 million a year ago, according to the mean estimate from
5 analysts, based on LSEG data.The company's guidance on
November 9 2023, for the period ended December 31, was for
revenue between $200.00 million and $216.00 million.
    * ​LSEG's mean analyst estimate for Onto Innovation Inc is
for
earnings of $1.01 per share. The company's EPS guidance on
November 9 2023, for the period ended December 31, was between
$0.90 and $1.10 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Onto
Innovation
Inc is $167.50​, above​ its last closing price of $155.77. ​​​

The company's guidance on November 9 2023 for the period ended
December 31 was for gross profit margin between USD51% and
USD53%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.95        0.95       0.96      Beat    1.3
 Jun. 30 2023  0.84        0.84       0.79      Missed  -5.5
 Mar. 31 2023  0.92        0.91       0.92      Beat    1.5​
 Dec. 31 2022  1.35        1.34       1.57      Beat    17.3
 ​​Sep.        1.31        1.31       1.35      Beat    3.3
 30 2022                                                
 Jun. 30 2022  1.27        1.27       1.28      Beat    0.7​
 Mar. 31 2022  1.17        1.17       1.31      Beat    12.3
 Dec. 31 2021  1.11        1.11       1.23      Beat    10.8
 This summary was machine generated February 6 at 23:00 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)