Novanta Inc expected to post earnings of 73  cents a share - Earnings Preview

Novanta

04/08/2023 19:34

* Novanta Inc  NOVT.OQ   NOVT.O  is expected to show a rise
in
quarterly revenue when it reports  results on August 8. 
    * The Bedford Massachusetts-based  company is expected to
report 
a 4.7% increase in revenue to $225.504 million from $215.36
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. The company's guidance on May
9 2023, for the period ended June 30, was for revenue between
222.00 million and 225.00 million.
    * ​Refinitiv's mean analyst estimate for Novanta Inc is for
earnings of 73 cents per share. The company's EPS guidance on
May 9 2023, for the period ended June 30, 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
$170.5​, below​ its last closing price of $174.78. ​​​

The company's guidance on May 9 2023 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 222 million and 49 million.The company's
guidance on May 9 2023 for the period ended June 30 was for
gross profit margin between 46% and 46.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.64        0.64       0.74      Beat    15
 Dec. 31 2023  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.        0.63        0.63       0.73      Beat    15.9
 31 2022                                                
 Dec. 31 2021  0.64        0.64       0.67      Beat    4.3​
 Sep. 30 2021  0.60        0.60       0.75      Beat    24.5
 Jun. 30 2021  0.51        0.51       0.62      Beat    22.2
 This summary was machine generated August 4 at 18:33 GMT.  All
figures in US dollars  unless otherwise stated