Novanta Inc expected to post earnings of 60 cents a share - Earnings Preview

Novanta

05/11/2021 17:59

By Lynx Insight Service
    Nov 5 (Reuters) - * Novanta Inc  NOVT.OQ   NOVT.O  is expected to show a
rise in quarterly revenue when it reports  results on November 9. 
* The Bedford, Massachusetts-based company is expected to report  a
20.4% increase in revenue to $172.06 million from $142.93 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 60 cents
per share. For the same quarter last year, the company reported earnings of 42
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 $150​, about
21.1% below​ its last closing price of $181.64. ​​​
* Previous quarterly performance (using preferred earnings measure in US
dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 30 2021  0.51        0.51       0.62      Beat    22.2
 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.        0.23        0.23       0.48      Beat    105.7
 30 2020                                                
 Mar. 31 2020  0.32        0.32       0.51      Beat    57.7​
 Dec. 31 2019  0.54        0.54       0.55      Beat    2.5
 Sep. 30 2019  0.52        0.52       0.53      Beat    2.6
 This summary was machine generated November 5 at 17:57 GMT.  All figures in US
dollars unless otherwise stated.

 ((Reuters Messaging:))