Onto Innovation Inc reports results for the quarter ended in December - Earnings Summary

Onto Innovation

08/02/2024 22:42

* Onto Innovation Inc  ONTO.N  reported quarterly adjusted
earnings of $1.06​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of $1.57.  The mean expectation of five analysts for the
quarter was for earnings of $1.01 per share. Wall Street
expected results to range from $1.00  to $1.04 per share.
    * Revenue fell 13.6% to $218.86 million from a year ago;
analysts
expected $209.06 million. 
    * Onto Innovation Inc's reported EPS for the quarter was 61
cents​.
    * The company reported quarterly net income of $30.31
million.
    * Onto Innovation Inc shares had risen by 3.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the semiconductor
equipment & testing peer group is also "buy"

Wall Street's median 12-month price target for Onto Innovation
Inc is $167.50 
This summary was machine generated from LSEG data February 8 at
10:41 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.01           1.06           Beat
 Sep. 30 2023      0.95           0.96           Beat
 Jun. 30 2023      0.84           0.79           Missed
 Mar. 31 2023      0.91           0.92           Beat