Alert: New Earnings Report (11/9/23)-Onto Innovation Inc (NYSE: ONTO).


Onto Innovation Inc (NYSE: ONTO) has reported earnings for its third fiscal quarter (ending September 30) of $0.73 versus $1.05 for the same period a year ago — a decline of -30%. This result fell short of the consensus estimate of $0.95 by $-0.22. For the latest four quarters through September 30, E.P.S. were $3.21 versus $4.12 for the same period a year ago — a decline of -22%.


Recent Price Action

Onto Innovation Inc (NYSE: ONTO) stock declined modestly by -0.5% on 11/9/23. The stock closed at $123.07. The stock has risen 8.5% during the last week and has been exceptionally strong relative to the market over the last nine months.

Current PriceTarget Research Rating

ONTO’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.

Onto Innovation has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Onto Innovation has a slightly negative Appreciation Score of 34 but a very high Power Rating of 96, with the Positive Value Trend Rating the result.

Rating Review

In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.

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