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Camtek CAMT shares soared 3.4% in the last trading session to close at $107.14. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 24.3% gain over the past four weeks.
The optimism surrounding the stock can be attributed to the rising adoption of Camtek’s advanced interconnect packaging technologies, such as heterogeneous integration, which includes chiplet modules and high bandwidth memory. Winning multiple system orders from several customers is contributing well to its top line.
This maker of automatic optical inspection and process enhancement systems is expected to post quarterly earnings of $0.74 per share in its upcoming report, which represents a year-over-year change of +29.8%. Revenues are expected to be $115.03 million, up 29.7% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Camtek, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CAMT going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Camtek is a member of the Zacks Electronics - Measuring Instruments industry. One other stock in the same industry, Keysight KEYS, finished the last trading session 3.2% higher at $170.97. KEYS has returned 1.8% over the past month.
For Keysight , the consensus EPS estimate for the upcoming report has changed +0.5% over the past month to $1.69. This represents a change of +3.7% from what the company reported a year ago. Keysight currently has a Zacks Rank of #2 (Buy).
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Camtek Ltd. (CAMT) : Free Stock Analysis Report
Keysight Technologies Inc. (KEYS) : Free Stock Analysis Report