Onto Innovation Inc expected to post earnings of 84  cents a share - Earnings Preview

Onto Innovation

09/08/2023 03:03

* Onto Innovation Inc  ONTO.N   ONTO.K  is expected to show
a fall
in quarterly revenue when it reports  results on August 10. 
    * The Wilmington Massachusetts-based  company is expected to
report  a 20.8% decrease in revenue to $203 million from $256.31
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. The company's guidance on May
4 2023, for the period ended June 30, was for revenue between
$194.88 million and $211.12 million.
    * ​Refinitiv's mean analyst estimate for Onto Innovation Inc
is
for earnings of 84 cents per share. The company's EPS guidance
on May 4 2023, for the period ended June 30, was between $0.75
and $0.90 
    * 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 $130​, above​ its last closing price of $120.25. ​​​

The company's guidance on May 4 2023 for the period ended June
30 was for gross profit margin between USD50% and USD52%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.92        0.91       0.92      Beat    1.5
 Dec. 31 2023  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
 ​​Mar.        1.17        1.17       1.31      Beat    12.3
 31 2022                                                
 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. 30 2021  0.80        0.80       0.92      Beat    14.6
 This summary was machine generated August 9 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated