Onto Innovation Inc expected to post earnings of $1.32 a share - Earnings Preview

Onto Innovation

29/10/2024 21:00

* Onto Innovation Inc  ONTO.N   ONTO.K  is expected to show
a rise
in quarterly revenue when it reports  results on October 31 for
the period ending September 30 2024
    * The Wilmington Massachusetts-based  company is expected to
report a 21.1% increase in revenue to $250.823 million from
$207.19 million a year ago, according to the mean estimate from
8 analysts, based on LSEG data.The company's guidance on August
8 2024, for the period ended September 30, was for revenue
between $245.00 million and $255.00 million.
    * ​LSEG's mean analyst estimate for Onto Innovation Inc is
for
earnings of $1.32 per share. The company's EPS guidance on
August 8 2024, for the period ended September 30, was between
$1.25 and $1.35 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "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 265.00​, above​ its last closing price of $202.24. ​​​

The company's guidance on August 8 2024 for the period ended
September 30 was for gross profit margin between USD53% and
USD55%.
This summary was machine generated October 29 at 21:00 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)