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

Novanta

10/08/2021 12:58

* Novanta Inc  NOVT.OQ  reported quarterly adjusted earnings of
62 cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
51 cents per share.
* Revenue rose 15.8% to $167.52 million from a year ago; 
analysts expected $164.32 million. 
* Novanta Inc's reported EPS for the quarter was 33 cents​.
* The mean earnings estimate of analysts had fallen by
about 0.5% 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 4.6% this quarter and
gained 19.2% so far this year.
* The company reported quarterly net income of $11.66 million.
* Wall Street's median 12-month price target for Novanta Inc is
$127.00 
* 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 August 10 at 11:57 a.m.  ​All
figures in US dollars unless otherwise stated