Novanta Inc expected to post earnings of 85 cents a share - Earnings Preview

Novanta

01/11/2024 14:54

* Novanta Inc  NOVT.OQ   NOVT.O  is expected to show a rise
in
quarterly revenue when it reports  results on November 5 for the
period ending September 30 2024
    * The Bedford Massachusetts-based  company is expected to
report a
9.4% increase in revenue to $242.327 million from $221.5 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.The company's guidance on August 6 2024, for
the period ended September 30, was for revenue between 241.00
million and 244.00 million.
    * ​LSEG's mean analyst estimate for Novanta Inc is for
earnings of
85 cents per share. The company's EPS guidance on August 6 2024,
for the period ended September 30, was between 0.85 and 0.89 
    * 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
181.00​, above​ its last closing price of $170.24. ​​​

The company's guidance on August 6 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 241 million and 58
million.The company's guidance on August 6 2024 for the period
ended September 30 was for gross profit margin between 47% and
47.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.69        0.69       0.73      Beat    5.3
 Mar. 31 2024  0.58        0.58       0.74      Beat    28.3
 Jan. 1 0001   0.63        0.63       0.63      Met     0.5​
 Sep. 30 2023  0.74        0.74       0.85      Beat    14.4
 ​​Jun.        0.73        0.73       0.80      Beat    9.6
 30 2023                                                
 Mar. 31 2023  0.64        0.64       0.74      Beat    15​
 Jan. 1 0001   0.72        0.72       0.75      Beat    4.2
 Sep. 30 2022  0.74        0.74       0.81      Beat    9.1
 This summary was machine generated November 1 at 14:54 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)