Novanta Inc expected to post earnings of 63 cents a share - Earnings Preview

Novanta

26/02/2024 15:06

* Novanta Inc  NOVT.OQ   NOVT.O  is expected to show a fall
in
quarterly revenue when it reports  results on February 28 for
the period ending December 31 2023
    * The Bedford Massachusetts-based  company is expected to
report a
3.5% decrease in revenue to $210.695 million from $218.37
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on November
7 2023, for the period ended December 31, was for revenue
between $208.00 million and $212.00 million.
    * ​LSEG's mean analyst estimate for Novanta Inc is for
earnings of
63 cents per share. The company's EPS guidance on November 7
2023, for the period ended December 31, was between $0.59 and
$0.66 
    * 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
$164.50​, above​ its last closing price of $158.54. ​​​

The company's guidance on November 7 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD208 million and
USD45 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.74        0.74       0.85      Beat    14.4
 Jun. 30 2023  0.73        0.73       0.80      Beat    9.6
 Mar. 31 2023  0.64        0.64       0.74      Beat    15​
 Dec. 31 2022  0.72        0.72       0.75      Beat    4.2
 ​​Sep.        0.74        0.74       0.81      Beat    9.1
 30 2022                                                
 Jun. 30 2022  0.72        0.72       0.78      Beat    8.3​
 Mar. 31 2022  0.63        0.63       0.73      Beat    15.9
 Dec. 31 2021  0.64        0.64       0.67      Beat    4.3
 This summary was machine generated February 26 at 15:06 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)