Novanta Inc expected to post earnings of 74  cents a share - Earnings Preview

Novanta

03/11/2023 17:07

* Novanta Inc  NOVT.OQ   NOVT.O  is expected to show a rise
in
quarterly revenue when it reports  results 
    * The Bedford Massachusetts-based  company is expected to
report 
a 0.1% increase in revenue to $223.176 million from $222.96
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data. The company's guidance on August 8
2023, for the period ended September 30, was for revenue between
221.00 million and 224.00 million.
    * ​Refinitiv's mean analyst estimate for Novanta Inc is for
earnings of 74 cents per share. The company's EPS guidance on
August 8 2023, for the period ended September 30, was between
0.70 and 0.77 
    * 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
$165.5​, above​ its last closing price of $137.20. ​​​

The company's guidance on August 8 2023 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 221 million and 51
million.The company's guidance on August 8 2023 for the period
ended September 30 was for gross profit margin between 46.5% and
47.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Sep. 30 2022  0.74        0.74       0.81      Beat    9.1
 ​​Jun.        0.72        0.72       0.78      Beat    8.3
 30 2022                                                
 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. 30 2021  0.60        0.60       0.75      Beat    24.5
 This summary was machine generated November 3 at 17:07 GMT.  All
figures in US dollars  unless otherwise stated