Novanta Inc expected to post earnings of 58 cents a share - Earnings Preview

Novanta

03/05/2024 14:35

* Novanta Inc  NOVT.OQ   NOVT.O  is expected to show a rise
in
quarterly revenue when it reports  results on May 7 for the
period ending March 31 2024
    * The Bedford Massachusetts-based  company is expected to
report a
4.0% increase in revenue to $227.881 million from $219.13
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on February
28 2024, for the period ended March 31, was for revenue between
225.00 million and 230.00 million.
    * ​LSEG's mean analyst estimate for Novanta Inc is for
earnings of
58 cents per share. The company's EPS guidance on February 28
2024, for the period ended March 31, was between 0.55 and 0.60 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"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
$178.50​, above​ its last closing price of $159.65. ​​​

The company's guidance on February 28 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between 225 million and 48 million.The
company's guidance on February 28 2024 for the period ended
March 31 was for gross profit margin between 45.5% and 46%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.63        0.63       0.63      Met     0.5
 Jan. 1 0001   0.74        0.74       0.85      Beat    14.4
 Jan. 1 0001   0.73        0.73       0.80      Beat    9.6​
 Mar. 31 2023  0.64        0.64       0.74      Beat    15
 ​​Dec.        0.72        0.72       0.75      Beat    4.2
 31 2022                                                
 Jun. 30 2022  0.74        0.74       0.81      Beat    9.1​
 Jun. 30 2022  0.72        0.72       0.78      Beat    8.3
 Mar. 31 2022  0.63        0.63       0.73      Beat    15.9
 This summary was machine generated May 3 at 13:35 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)