Camtek (CAMT) Stock Drops Despite Market Gains: Important Facts to Note

Camtek (CAMT) closed at $129.93 in the latest trading session, marking a -1.85% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.01%. Elsewhere, the Dow saw an upswing of 0.55%, while the tech-heavy Nasdaq depreciated by 0.44%. Shares of the maker of automatic optical inspection and process enhancement systems have appreciated by 9.3% over the course of the past month, outperforming the Computer and Technology sector's loss of 0.69%, and the S&P 500's gain of 0.86%.Market participants will be closely following the financial results of Camtek in its upcoming release. The company is forecasted to report an EPS of $0.83, showcasing a 7.79% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $127.21 million, up 8.46% from the year-ago period. For the full year, the Zacks Consensus Estimates are projecting earnings of $3.21 per share and revenue of $495.14 million, which would represent changes of +13.43% and 0%, respectively, from the prior year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Camtek. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Camtek is holding a Zacks Rank of #4 (Sell) right now. Valuation is also important, so investors should note that Camtek has a Forward P/E ratio of 39.48 right now. This indicates a premium in contrast to its industry's Forward P/E of 33.07. We can additionally observe that CAMT currently boasts a PEG ratio of 2.53. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Electronics - Measuring Instruments industry had an average PEG ratio of 2.27 as trading concluded yesterday. The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 188, putting it in the bottom 24% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Camtek Ltd. (CAMT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks