Zacks: Analysts Expect Onto Innovation (NASDAQ:ONTO) Will Post Quarterly Sales of $127.70 Million

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Analysts expect that Onto Innovation (NASDAQ:ONTO) will announce sales of $127.70 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Onto Innovation’s earnings, with the lowest sales estimate coming in at $127.50 million and the highest estimate coming in at $127.90 million. Onto Innovation reported sales of $73.13 million during the same quarter last year, which indicates a positive year-over-year growth rate of 74.6%. The business is expected to report its next quarterly earnings report on Thursday, November 5th.

On average, analysts expect that Onto Innovation will report full year sales of $545.15 million for the current financial year, with estimates ranging from $544.00 million to $546.30 million. For the next year, analysts expect that the business will report sales of $599.10 million, with estimates ranging from $574.00 million to $624.20 million. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Onto Innovation.

ONTO stock traded down $1.24 during trading on Tuesday, reaching $30.92. 378,071 shares of the company were exchanged, compared to its average volume of 344,527. Onto Innovation has a 52-week low of $20.32 and a 52-week high of $42.50. The stock’s 50 day moving average price is $34.68 and its 200 day moving average price is $32.72.

About Onto Innovation

Onto Innovation Inc designs, develops, manufactures, and supports process control defect inspection and metrology, advanced packaging lithography, and process control software systems used by microelectronic device manufacturers. It offers process and yield management solutions used in bare silicon wafer production and processing facilities, and device packaging and test facilities through standalone systems for macro-defect inspection, packaging lithography, probe card test and analysis, and transparent and opaque thin film measurements.

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