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

Novanta

01/03/2023 14:41

* Novanta Inc  NOVT.OQ  reported quarterly adjusted earnings
of 75
cents​​ per share for the quarter ended in December. The mean
expectation of three analysts for the quarter was for earnings
of 72 cents per share.
    * Revenue rose 9.8% to $218.37 million from a year ago;
analysts
expected $215.57 million. 
    * Novanta Inc's reported EPS for the quarter was 42 cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.3%
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 risen by 15.5% this quarter.
    * The company reported quarterly net income of $15.26
million.
    * Wall Street's median 12-month price target for Novanta Inc
is
$154.00 
    * 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." 

This summary was machine generated from Refinitiv data March 1
at 02:41 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.72           0.75           Beat
 Sep. 30 2022      0.74           0.81           Beat
 Jun. 30 2022      0.72           0.78           Beat
 Mar. 31 2022      0.63           0.73           Beat