Onto Innovation Inc expected to post earnings of 91  cents a share - Earnings Preview

Onto Innovation

03/05/2023 03:07

* Onto Innovation Inc  ONTO.N   ONTO.K  is expected to show
a fall
in quarterly revenue when it reports  results on May 4. 
    * The Wilmington Massachusetts-based  company is expected to
report  a 16.3% decrease in revenue to $201.9 million from
$241.35 million a year ago, according to the mean estimate from
5 analysts, based on Refinitiv data. The company's guidance on
February 9 2023, for the period ended March 31, was for revenue
between $194.00 million and $206.00 million.
    * ​Refinitiv's mean analyst estimate for Onto Innovation Inc
is
for earnings of 91 cents per share. The company's EPS guidance
on February 9 2023, for the period ended March 31, was between
$0.80 and $0.95 
    * 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 $97​, above​ its last closing price of $82.06. ​​​

The company's guidance on February 9 2023 for the period ended
March 31 was for gross profit margin between USD51% and USD53%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  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. 31 2022  1.17        1.17       1.31      Beat    12.3
 ​​Dec.        1.11        1.11       1.23      Beat    10.8
 31 2021                                                
 Sep. 30 2021  0.92        0.92       0.98      Beat    6.5​
 Jun. 30 2021  0.80        0.80       0.92      Beat    14.6
 Mar. 31 2021  0.68        0.68       0.73      Beat    7.4
 This summary was machine generated May 3 at 02:07 GMT.  All
figures in US dollars  unless otherwise stated