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

Novanta

04/11/2022 19:41

* Novanta Inc  NOVT.OQ   NOVT.O  is expected to show a rise
in
quarterly revenue when it reports  results on November 8. 
    * The Bedford Massachusetts-based  company is expected to
report 
a 21.2% increase in revenue to $215.376 million from $177.73
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. The company's guidance on
August 9 2022, for the period ended September 30, was for
revenue between 214.00 million and 216.00 million.
    * ​Refinitiv's mean analyst estimate for Novanta Inc is for
earnings of 74 cents per share. The company's EPS guidance on
August 9 2022, for the period ended September 30, was between
0.71 and 0.76 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"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
$132​, below​ its last closing price of $136.15. ​​​

The company's guidance on August 9 2022 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 214 million and 45.5
million.The company's guidance on August 9 2022 for the period
ended September 30 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  
 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. 30 2021  0.60        0.60       0.75      Beat    24.5
 ​​Jun.        0.51        0.51       0.62      Beat    22.2
 30 2021                                                
 Mar. 31 2021  0.39        0.39       0.58      Beat    49.7​
 Dec. 31 2020  0.44        0.44       0.53      Beat    20.5
 Sep. 30 2020  0.39        0.39       0.42      Beat    6.8
 This summary was machine generated November 4 at 19:40 GMT.  All
figures in US dollars  unless otherwise stated