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

Onto Innovation

10/08/2023 22:02

* Onto Innovation Inc  ONTO.N  reported quarterly adjusted
earnings of 79 cents​​ per share for the quarter ended in June.
The mean expectation of five analysts for the quarter was
for earnings of 84 cents per share.
    * Revenue fell 25.6% to $190.66 million from a year ago;
analysts
expected $203.00 million. 
    * Onto Innovation Inc's reported EPS for the quarter was 53
cents​.
    * 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. 
    * Onto Innovation Inc shares had risen by 1.8% this
quarter and
gained 74.1% so far this year.
    * The company reported quarterly net income of $25.9
million.
    * Wall Street's median 12-month price target for Onto
Innovation
Inc is $130.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.84           0.79           Missed
 Mar. 31 2023      0.91           0.92           Beat
 Dec. 31 2022      1.34           1.57           Beat
 Sep. 30 2022      1.31           1.35           Beat