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In the latest market close, Camtek (CAMT) reached $83.69, with a -0.3% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.04%. On the other hand, the Dow registered a gain of 0.07%, and the technology-centric Nasdaq decreased by 0.05%.
The maker of automatic optical inspection and process enhancement systems's stock has climbed by 16.76% in the past month, exceeding the Computer and Technology sector's gain of 5.93% and the S&P 500's gain of 1.05%.
Analysts and investors alike will be keeping a close eye on the performance of Camtek in its upcoming earnings disclosure. In that report, analysts expect Camtek to post earnings of $0.74 per share. This would mark year-over-year growth of 29.82%. Alongside, our most recent consensus estimate is anticipating revenue of $115.03 million, indicating a 29.69% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.79 per share and revenue of $426.98 million. These totals would mark changes of +42.35% and +35.39%, respectively, from last year.
Any recent changes to analyst estimates for Camtek should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Camtek possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Camtek is currently trading at a Forward P/E ratio of 30.04. This valuation marks no noticeable deviation compared to its industry's average Forward P/E of 30.04.
Investors should also note that CAMT has a PEG ratio of 1.38 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Electronics - Measuring Instruments industry had an average PEG ratio of 1.64.