Novanta Inc expected to post earnings of 51 cents a share - Earnings Preview

Novanta

06/08/2021 15:01

* Novanta Inc  NOVT.OQ   NOVT.O  is expected to show a rise in
quarterly revenue when it reports results on August 10. 
* The Bedford, Massachusetts-based company is expected to report
  a 13.5% increase in revenue to $164.321 million from $144.73
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Novanta Inc is for
earnings of 51 cents per share. For the same quarter last year,
the company reported earnings of 48 cents per share.
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
* The mean earnings estimate of analysts was unchanged in the
last three months. ​
* Wall Street's median 12-month price target for Novanta Inc is
$127​, about 8.4% below​ its last closing price of $137.61. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  0.39        0.39       0.58      Beat    49.7
 Dec. 31 2020  0.44        0.44       0.53      Beat    20.5
 Sep. 30 2020  0.39        0.39       0.42      Beat    6.8​
 Jun. 30 2020  0.23        0.23       0.48      Beat    105.7
 Mar.          0.32​       0.32       0.51      Beat    57.7​
 31​ 2020​                                              
 Dec. 31 2019  0.54        0.54       0.55      Beat    2.5​
 Sep. 30 2019  0.52        0.52       0.53      Beat    2.6
 Jun. 30 2019  0.54        0.54       0.54      Met     0
 This summary was machine generated August 6 at 14:01 GMT.  All
figures in US dollars unless otherwise stated