Analysts Are Updating Their Onto Innovation Inc. (NYSE:ONTO) Estimates After Its Third-Quarter Results
Analysts Are Updating Their Onto Innovation Inc. (NYSE:ONTO) Estimates After Its Third-Quarter Results
It's been a mediocre week for Onto Innovation Inc. (NYSE:ONTO) shareholders, with the stock dropping 13% to US$176 in the week since its latest third-quarter results. It was a credible result overall, with revenues of US$252m and statutory earnings per share of US$1.07 both in line with analyst estimates, showing that Onto Innovation is executing in line with expectations. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Onto Innovation after the latest results.
Onto Innovation Inc.(紐交所:ONTO)股東們的一週表現一般,自最新第三季度業績公佈以來,股價下跌了13%,至176美元。總體而言,這是一個可靠的結果,營業收入爲25200萬美元,每股盈利爲1.07美元,均符合分析師的預期,表明Onto Innovation正在按照預期執行。在公佈結果後,分析師們已更新了他們的盈利模型,了解他們是否認爲公司前景發生了重大變化,或者一切照常會很有益。讀者將很高興地得知,我們已彙總最新的法定預測,以查看分析師在最新業績後是否改變了對Onto Innovation的看法。
Taking into account the latest results, the most recent consensus for Onto Innovation from nine analysts is for revenues of US$1.15b in 2025. If met, it would imply a substantial 22% increase on its revenue over the past 12 months. Per-share earnings are expected to bounce 51% to US$5.59. Before this earnings report, the analysts had been forecasting revenues of US$1.15b and earnings per share (EPS) of US$5.56 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
考慮到最新的結果,來自九名分析師的最新共識是Onto Innovation在2025年的營業收入爲11.5億美元。如果達到,將意味着過去12個月營收大幅增長22%。預計每股收益將增長51%,至5.59美元。在此盈利報告之前,分析師已預測2025年的營收爲115億美元,每股收益(EPS)爲5.56美元。共識分析師似乎沒有從這些結果中看到任何會改變他們對業務的看法的東西,因爲他們的預測並沒有發生重大變化。
It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$258. 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. The most optimistic Onto Innovation analyst has a price target of US$280 per share, while the most pessimistic values 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.
因此,毫不奇怪的是,一般共識價值目標仍基本保持在258美元。然而,還有另一種看待價值目標的方式,就是查看分析師提出的價值目標範圍,因爲廣泛的估值範圍可能暗示對業務可能結果的多樣化看法。最樂觀的Onto Innovation 分析師給出的目標股價爲280美元,而最悲觀的爲230美元。即便如此,由於估值範圍相對密集,看起來分析師們對自己的估值非常有信心,這表明Onto Innovation是一家容易預測的企業,分析師們使用的假設可能相似。
Of course, another way to look at these forecasts is to place them into context against the industry itself. We can infer from the latest estimates that forecasts expect a continuation of Onto Innovation'shistorical trends, as the 17% annualised revenue growth to the end of 2025 is roughly in line with the 18% 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. So although Onto Innovation is expected to maintain its revenue growth rate, it's only growing at about the rate of the wider industry.
當然,審視這些預測的另一種方法是將它們放在與行業本身的背景下進行比較。我們可以從最新的估計中推斷,預測預計到2025年底,Onto Innovation的歷史趨勢將延續,因爲每年增長17%的營業收入增長大致與過去五年每年增長18%的情況相符。將這一點與我們的數據相對比,數據表明,行業中其他公司(受到分析師關注)的預計收入增長率每年將增長18%。因此,儘管預計Onto Innovation將保持其收入增長率,但其增長速度僅略高於整個行業的增長速度。
The Bottom Line
最重要的事情是分析師增加了它對下一年每股虧損的估計。令人欣慰的是,營收預測未發生重大變化,業務仍有望比整個行業增長更快。共識價格目標穩定在28.50美元,最新估計不足以對價格目標產生影響。
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
最重要的是,沒有明顯的情緒變化,分析師重新確認公司的每股收益估算與之前的估算相符。令人欣慰的是,營業收入預測沒有明顯變化,公司仍然預計與整個行業一同增長。共識價值目標沒有實質性的變化,表明業務的內在價值在最新的估算中沒有經歷任何重大變化。
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Onto Innovation going out to 2026, and you can see them free on our platform here..
牢記這一點,我們仍然認爲業務的長期軌跡對投資者來說更加重要。在Simply Wall St,我們擁有截至2026年的Onto Innovation的全部分析師估計數據,您可以免費在我們的平台上查看。
You can also see our analysis of Onto Innovation's Board and CEO remuneration and experience, and whether company insiders have been buying stock.
你還可以查看我們對Onto Innovation的董事會和CEO報酬和經驗的分析,以及公司內部人員的股票購買情況。
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