Novanta Inc expected to post earnings of 72  cents a share - Earnings Preview

Novanta

27/02/2023 15:10

* Novanta Inc  NOVT.OQ   NOVT.O  is expected to show a rise
in
quarterly revenue when it reports  results on March 1. 
    * The Bedford Massachusetts-based  company is expected to
report 
a 8.3% increase in revenue to $215.568 million from $198.96
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. The company's guidance on
November 8 2022, for the period ended December 31, was for
revenue between 215.00 million and 217.00 million.
    * ​Refinitiv's mean analyst estimate for Novanta Inc is for
earnings of 72 cents per share. The company's EPS guidance on
November 8 2022, 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
$154​, below​ its last closing price of $156.72. ​​​

The company's guidance on November 8 2022 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 215 million and 46
million.The company's guidance on November 8 2022 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  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  0.64        0.64       0.67      Beat    4.3
 ​​Sep.        0.60        0.60       0.75      Beat    24.5
 30 2021                                                
 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
 This summary was machine generated February 27 at 15:10 GMT. 
All figures in US dollars  unless otherwise stated