In the latest market close, Camtek (CAMT) reached $77.66, with a +0.09% movement compared to the previous day. The stock exceeded the S&P 500, which registered a loss of 0.03% for the day. At the same time, the Dow lost 0.61%, and the tech-heavy Nasdaq gained 0.56%.

The maker of automatic optical inspection and process enhancement systems's stock has dropped by 9.67% in the past month, falling short of the Computer and Technology sector's gain of 1.65% and the S&P 500's gain of 1.39%.

Investors will be eagerly watching for the performance of Camtek in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.70, reflecting a 37.25% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $108.8 million, up 35.21% from the year-ago period.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.71 per share and a revenue of $420.95 million, representing changes of +38.27% and +33.48%, respectively, from the prior year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Camtek. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Camtek presently features a Zacks Rank of #3 (Hold).

From a valuation perspective, Camtek is currently exchanging hands at a Forward P/E ratio of 28.65. This represents no noticeable deviation compared to its industry's average Forward P/E of 28.65.

Also, we should mention that CAMT has a PEG ratio of 1.41. 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. Electronics - Measuring Instruments stocks are, on average, holding a PEG ratio of 2.98 based on yesterday's closing prices.

The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 56, positioning it in the top 23% of all 250+ industries.