Novanta Inc expected to post earnings of 71 cents a share - Earnings Preview

Novanta

21/02/2025 13:58

* Novanta Inc  NOVT.OQ   NOVT.O  is expected to show a rise
in
quarterly revenue when it reports  results on February 25 for
the period ending December 31 2024
    * The Bedford Massachusetts-based  company is expected to
report a
13.6% increase in revenue to $240.287 million from $211.6
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on November
5 2024, for the period ended December 31, was for revenue
between 237.00 million and 242.00 million.
    * ​LSEG's mean analyst estimate for Novanta Inc is for
earnings of
71 cents per share. The company's EPS guidance on November 5
2024, for the period ended December 31, was between 0.70 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
$178.00​, above​ its last closing price of $142.80. ​​​

The company's guidance on November 5 2024 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 237 million and 52
million.The company's guidance on November 5 2024 for the period
ended December 31 was for gross profit margin of 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  
 Sep. 30 2024  0.85        0.85       0.85      Met     -0.4
 Jun. 30 2024  0.69        0.69       0.73      Beat    5.3
 Mar. 31 2024  0.58        0.58       0.74      Beat    28.3​
 Dec. 31 2023  0.63        0.63       0.63      Met     0.5
 ​​Sep.        0.74        0.74       0.85      Beat    14.4
 30 2023                                                
 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
 This summary was machine generated February 21 at 13:58 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)