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

Novanta

09/08/2022 15:51

* Novanta Inc  NOVT.OQ  reported quarterly adjusted earnings
of 78
cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
72 cents per share.
    * Revenue rose 28.6% to $215.36 million from a year ago;
analysts
expected $209.75 million. 
    * Novanta Inc's reported EPS for the quarter was 49 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 risen by 25.4% this quarter and
lost 13.8% so far this year.
    * The company reported quarterly net income of $17.5
million.
    * Wall Street's median 12-month price target for Novanta Inc
is
$138.00 
    * 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." 

This summary was machine generated from Refinitiv data August 9
at 02:51 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.72           0.78           Beat
 Mar. 31 2022      0.63           0.73           Beat
 Dec. 31 2021      0.64           0.67           Beat
 Sep. 30 2021      0.60           0.75           Beat