Onto Innovation Inc expected to post earnings of $1.20 a share - Earnings Preview

Onto Innovation

07/08/2024 03:56

* Onto Innovation Inc  ONTO.N   ONTO.K  is expected to show
a rise
in quarterly revenue when it reports  results on August 8 for
the period ending June 30 2024
    * The Wilmington Massachusetts-based  company is expected to
report a 23.5% increase in revenue to $235.469 million from
$190.66 million a year ago, according to the mean estimate from
7 analysts, based on LSEG data.The company's guidance on May 9
2024, for the period ended June 30, was for revenue between
$230.00 million and $240.00 million.
    * ​LSEG's mean analyst estimate for Onto Innovation Inc is
for
earnings of $1.20 per share. The company's EPS guidance on May 9
2024, for the period ended June 30, was between $1.14 and $1.26 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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 $267.50​, above​ its last closing price of $168.49. ​​​

The company's guidance on May 9 2024 for the period ended June
30 was for gross profit margin between USD52% and USD54%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.07        1.08       1.18      Beat    8.9
 Dec. 31 2024  1.01        1.01       1.06      Beat    5.2
 Sep. 30 2023  0.95        0.95       0.96      Beat    1.3​
 Jun. 30 2023  0.84        0.84       0.79      Missed  -5.5
 ​​Jan.        0.92        0.91       0.92      Beat    1.5
 1 0001                                                 
 Jan. 1 0001   1.35        1.34       1.57      Beat    17.3​
 Sep. 30 2022  1.31        1.31       1.35      Beat    3.3
 Jun. 30 2022  1.27        1.27       1.28      Beat    0.7
 This summary was machine generated August 7 at 02:56 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)