Onto Innovation Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Onto Innovation Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Onto Innovation Inc. (NYSE:ONTO) defied analyst predictions to release its second-quarter results, which were ahead of market expectations. It was overall a positive result, with revenues beating expectations by 2.9% to hit US$242m. Onto Innovation reported statutory earnings per share (EPS) US$1.07, which was a notable 19% above what the analysts had forecast. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
Onto Innovation Inc.(纽交所:ONTO)发布第二季度业绩报告,打破分析师的预测,业绩好于市场预期。总体来说,这是一个积极的结果,营业收入比预期高出2.9%,达到242 million美元。Onto Innovation的每股收益为1.07美元,比分析师的预测高19%。这是投资者的重要时刻,他们可以在公司的报告中追踪公司的业绩,查看专家对今年的预测,并查看业务期望是否有任何变化。我们收集了最近的统计预测,以查看分析师是否在业绩报告后改变了其盈利模型。
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Following the latest results, Onto Innovation's seven analysts are now forecasting revenues of US$970.1m in 2024. This would be a decent 8.1% improvement in revenue compared to the last 12 months. Per-share earnings are expected to bounce 27% to US$4.26. Before this earnings report, the analysts had been forecasting revenues of US$944.6m and earnings per share (EPS) of US$3.82 in 2024. There's been a pretty noticeable increase in sentiment, with the analysts upgrading revenues and making a nice gain to earnings per share in particular.
根据最新的结果,Onto Innovation的七位分析师现在预测2024年的营业收入为970.1 million美元。与过去12个月相比,这将是一个不错的8.1%的收入增长。 每股收益预计将反弹27%,达到4.26 US元 。在本次盈利报告之前,分析师预测2024年营业收入为944.6 million美元,每股收益为3.82美元。情绪有了相当明显的提升,分析师提高了营收预期,特别是每股收益有一个不错的增长。
Despite these upgrades,the analysts have not made any major changes to their price target of US$264, suggesting that the higher estimates are not likely to have a long term impact on what the stock is worth. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values Onto Innovation at US$288 per share, while the most bearish prices it at US$230. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Onto Innovation is an easy business to forecast or the the analysts are all using similar assumptions.
尽管这些升级,但分析师并没有对其240美元的目标价作出重大变更,这表明更高的预期不太可能对股票价值产生长期影响。但是,还有另一种思考价格目标的方式,那就是看分析师提出的价格范围,因为众多的估计可能表明对业务的可能结果存在多样化看法。当前,最看好的分析师将Onto Innovation的价值定在每股288美元,而最悲观的价格是每股230美元。即使如此,由于估计相对密集,看来分析师们对其评估相当有信心,这表明Onto Innovation是一家易于预测的公司,或者分析师们都在使用类似的假设。
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The period to the end of 2024 brings more of the same, according to the analysts, with revenue forecast to display 17% growth on an annualised basis. That is in line with its 21% annual growth over the past five years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 18% per year. It's clear that while Onto Innovation's revenue growth is expected to continue on its current trajectory, it's only expected to grow in line with the industry itself.
现在,从大局来看,我们可以理解这些预测的一种方式是看它们与过去的业绩和行业增长预测相比较。根据分析师的预测,到2024年底,收入预计将年均增长17%,这与过去五年的21%的年均增长相符。将其与我们的数据进行对比,我们发现,这个行业中其他有分析师覆盖的公司预计每年的收入增长率将达到18%。显然,虽然Onto Innovation的营收增长预计将继续保持目前的轨迹,但预计增长率仅仅与整个行业相当。
The Bottom Line
最重要的事情是分析师增加了它对下一年每股亏损的估计。令人欣慰的是,营收预测未发生重大变化,业务仍有望比整个行业增长更快。共识价格目标稳定在28.50美元,最新估计不足以对价格目标产生影响。
The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Onto Innovation following these results. There was also an upgrade to revenue estimates, although as we saw earlier, forecast growth is only expected to be about the same as the wider industry. The consensus price target held steady at US$264, with the latest estimates not enough to have an impact on their price targets.
最重要的是,分析师升级了他们对Onto Innovation的每股盈利估计,这表明这些结果后,对Onto Innovation的乐观情绪明显增强。 此外,营收预期也有所提高,尽管正如我们前面看到的,预测的增长仅相当于更广泛的行业。一致看法的目标价稳定在每股264美元,而最新的估计不足以对其目标价格产生影响。
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for Onto Innovation going out to 2026, and you can see them free on our platform here.
紧接着这一思路,我们认为业务的长期前景比明年的收益更相关。我们对Onto Innovation的预测可以延伸到2026年,您可以在我们的平台上免费查看。
You can also see our analysis of Onto Innovation's Board and CEO remuneration and experience, and whether company insiders have been buying stock.
你还可以查看我们对Onto Innovation的董事会和CEO报酬和经验的分析,以及公司内部人员的股票购买情况。
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