Onto Innovation (NYSE:ONTO) reported its Q4 earnings results on Tuesday, February 8, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Onto Innovation beat estimated earnings by 10.81%, reporting an EPS of $1.23 versus an estimate of $1.11.
Revenue was up $70.52 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06, which was followed by a 6.06% increase in the share price the next day.
Here's a look at Onto Innovation's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.92 | 0.80 | 0.68 | 0.60 |
| EPS Actual | 0.98 | 0.92 | 0.73 | 0.72 |
| Revenue Estimate | 195.34M | 177.72M | 162.22M | 150.54M |
| Revenue Actual | 200.59M | 193.39M | 169.28M | 155.13M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Onto Innovation management provided guidance for their next quarter, expecting earnings between $1.13 and $1.2 per share for the next quarter.
This represents a -5.28% in quarter-over-quarter growth for Onto Innovation, a bearish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
