Onto Innovation Inc expected to post earnings of $1.31 a share - Earnings Preview

Onto Innovation

26/10/2022 03:05

* Onto Innovation Inc  ONTO.N   ONTO.K  is expected to show
a rise
in quarterly revenue when it reports  results on October 27. 
    * The Wilmington Massachusetts-based  company is expected to
report  a 24.7% increase in revenue to $250.2 million from
$200.59 million a year ago, according to the mean estimate from
5 analysts, based on Refinitiv data. The company's guidance on
August 9 2022, for the period ended September 30, was for
revenue between $242.00 million and $258.00 million.
    * ​Refinitiv's mean analyst estimate for Onto Innovation Inc
is
for earnings of $1.31 per share. The company's EPS guidance on
August 9 2022, for the period ended September 30, was between
USD1.21 and USD1.42 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"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 $100​, above​ its last closing price of $67.30. ​​​

The company's guidance on August 9 2022 for the period ended
September 30 was for gross profit margin between USD54% and
USD55%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Sep. 30 2021  0.92        0.92       0.98      Beat    6.5
 ​​Jun.        0.80        0.80       0.92      Beat    14.6
 30 2021                                                
 Mar. 31 2021  0.68        0.68       0.73      Beat    7.4​
 Dec. 31 2020  0.60        0.60       0.72      Beat    20
 Sep. 30 2020  0.34        0.34       0.40      Beat    17
 This summary was machine generated October 26 at 02:05 GMT.  All
figures in US dollars  unless otherwise stated