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Stay Ahead of the Game With Onto Innovation (ONTO) Q3 Earnings: Wall Street's Insights on Key Metrics
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Analysts on Wall Street project that Onto Innovation (ONTO - Free Report) will announce quarterly earnings of $2.27 per share in its forthcoming report, representing an increase of 146.7% year over year. Revenues are projected to reach $390.66 million, increasing 79% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Onto Innovation metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts predict that the 'Revenue- Service' will reach $28.11 million. The estimate points to a change of +37.3% from the year-ago quarter.
Analysts expect 'Revenue- Parts' to come in at $33.71 million. The estimate points to a change of +40.9% from the year-ago quarter.
Analysts forecast 'Revenue- Systems and software' to reach $329.36 million. The estimate points to a change of +89.5% from the year-ago quarter.
The average prediction of analysts places 'Geographic Revenue- Japan' at $34.17 million. The estimate points to a change of +113.3% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Geographic Revenue- South Korea' of $101.61 million. The estimate points to a change of +126.5% from the year-ago quarter.
Analysts' assessment points toward 'Geographic Revenue- China' reaching $29.09 million. The estimate suggests a change of +6.3% year over year.
The consensus estimate for 'Geographic Revenue- United States' stands at $57.42 million. The estimate indicates a change of +51.9% from the prior-year quarter.
Based on the collective assessment of analysts, 'Geographic Revenue- Taiwan' should arrive at $122.00 million. The estimate suggests a change of +105.9% year over year.
Shares of Onto Innovation have experienced a change of -35.5% in the past month compared to the -2% move of the Zacks S&P 500 composite. With a Zacks Rank #1 (Strong Buy), ONTO is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Stay Ahead of the Game With Onto Innovation (ONTO) Q3 Earnings: Wall Street's Insights on Key Metrics
Analysts on Wall Street project that Onto Innovation (ONTO - Free Report) will announce quarterly earnings of $2.27 per share in its forthcoming report, representing an increase of 146.7% year over year. Revenues are projected to reach $390.66 million, increasing 79% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Onto Innovation metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts predict that the 'Revenue- Service' will reach $28.11 million. The estimate points to a change of +37.3% from the year-ago quarter.
Analysts expect 'Revenue- Parts' to come in at $33.71 million. The estimate points to a change of +40.9% from the year-ago quarter.
Analysts forecast 'Revenue- Systems and software' to reach $329.36 million. The estimate points to a change of +89.5% from the year-ago quarter.
The average prediction of analysts places 'Geographic Revenue- Japan' at $34.17 million. The estimate points to a change of +113.3% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Geographic Revenue- South Korea' of $101.61 million. The estimate points to a change of +126.5% from the year-ago quarter.
Analysts' assessment points toward 'Geographic Revenue- China' reaching $29.09 million. The estimate suggests a change of +6.3% year over year.
The consensus estimate for 'Geographic Revenue- United States' stands at $57.42 million. The estimate indicates a change of +51.9% from the prior-year quarter.
Based on the collective assessment of analysts, 'Geographic Revenue- Taiwan' should arrive at $122.00 million. The estimate suggests a change of +105.9% year over year.
View all Key Company Metrics for Onto Innovation here>>>Shares of Onto Innovation have experienced a change of -35.5% in the past month compared to the -2% move of the Zacks S&P 500 composite. With a Zacks Rank #1 (Strong Buy), ONTO is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .