Novanta Inc expected to post earnings of 69 cents a share - Earnings Preview

Novanta

02/08/2024 17:56

* Novanta Inc  NOVT.OQ   NOVT.O  is expected to show a rise
in
quarterly revenue when it reports  results on August 6 for the
period ending June 30 2024
    * The Bedford Massachusetts-based  company is expected to
report a
1.8% increase in revenue to $233.61 million from $229.46 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.The company's guidance on May 7 2024, for the
period ended June 30, was for revenue between 230.00 million and
235.00 million.
    * ​LSEG's mean analyst estimate for Novanta Inc is for
earnings of
69 cents per share. The company's EPS guidance on May 7 2024,
for the period ended June 30, was between 0.68 and 0.74 
    * 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 $170.30. ​​​

The company's guidance on May 7 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 230 million and 50 million.The company's
guidance on May 7 2024 for the period ended June 30 was for
gross profit margin between 46% and 46.3%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.58        0.58       0.74      Beat    28.3
 Dec. 31 2023  0.63        0.63       0.63      Met     0.5
 Sep. 30 2023  0.74        0.74       0.85      Beat    14.4​
 Jan. 1 0001   0.73        0.73       0.80      Beat    9.6
 ​​Mar.        0.64        0.64       0.74      Beat    15
 31 2023                                                
 Jan. 1 0001   0.72        0.72       0.75      Beat    4.2​
 Sep. 30 2022  0.74        0.74       0.81      Beat    9.1
 Jan. 1 0001   0.72        0.72       0.78      Beat    8.3
 This summary was machine generated August 2 at 16:56 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)