Onto Innovation: Q4 Earnings Insights

Onto Innovation 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.

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.

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).

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.