Novanta Inc reports results for the quarter ended in December - Earnings Summary

Novanta

01/03/2022 14:32

* Novanta Inc  NOVT.OQ  reported quarterly adjusted earnings
of 67
cents​​ per share for the quarter ended in December. The mean
expectation of four analysts for the quarter was for earnings of
64 cents per share.
    * Revenue rose 34.9% to $198.96 million from a year ago; 
analysts
expected $191.62 million. 
    * Novanta Inc's reported EPS for the quarter was 38 cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Novanta Inc shares had fallen by 22.5% this quarter.
    * The company reported quarterly net income of $13.75
million.
    * Wall Street's median 12-month price target for Novanta Inc
is
$168.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated March 1 at 02:32 p.m.  ​All
figures in US dollars unless otherwise stated