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

Novanta

10/05/2022 14:31

* Novanta Inc  NOVT.OQ  reported quarterly adjusted earnings
of 73
cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for earnings of
63 cents per share.
    * Revenue rose 25.6% to $204.22 million from a year ago; 
analysts
expected $196.05 million. 
    * Novanta Inc's reported EPS for the quarter was 53 cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.3%
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 fallen by 17.8% this quarter and
lost 33.7% so far this year.
    * The company reported quarterly net income of $18.82
million.
    * Wall Street's median 12-month price target for Novanta Inc
is
$148.00 
    * 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 May 10 at 01:31 p.m.  ​All
figures in US dollars unless otherwise stated