Novanta Inc expected to post earnings of 64  cents a share - Earnings Preview

Novanta

05/05/2023 19:31

* Novanta Inc  NOVT.OQ   NOVT.O  is expected to show a rise
in
quarterly revenue when it reports  results on May 9. 
    * The Bedford Massachusetts-based  company is expected to
report 
a 3.4% increase in revenue to $211.217 million from $204.22
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. The company's guidance on
March 1 2023, for the period ended March 31, was for revenue
between $210.00 million and $212.00 million.
    * ​Refinitiv's mean analyst estimate for Novanta Inc is for
earnings of 64 cents per share. The company's EPS guidance on
March 1 2023, for the period ended March 31, was between $0.64
and $0.65 
    * 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
$158.5​, above​ its last closing price of $158.49. ​​​

The company's guidance on March 1 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD210 million and USD45 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.72        0.72       0.75      Beat    4.2
 Sep. 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
 ​​Dec.        0.64        0.64       0.67      Beat    4.3
 31 2021                                                
 Sep. 30 2021  0.60        0.60       0.75      Beat    24.5​
 Jun. 30 2021  0.51        0.51       0.62      Beat    22.2
 Mar. 31 2021  0.39        0.39       0.58      Beat    49.7
 This summary was machine generated May 5 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated