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

Novanta

09/05/2023 14:31

* Novanta Inc  NOVT.OQ  reported quarterly adjusted earnings
of 74
cents​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for earnings
of 64 cents per share.
    * Revenue rose 7.3% to $219.13 million from a year ago;
analysts
expected $211.22 million. 
    * Novanta Inc's reported EPS for the quarter was 51 cents​.
    * The mean earnings estimate of analysts had fallen by
about 13.6%
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 1.0% this quarter and
gained 18.2% so far this year.
    * The company reported quarterly net income of $18.27
million.
    * Wall Street's median 12-month price target for Novanta Inc
is
$158.50 
    * 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 LSEG Refinitiv data May
9 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.64           0.74           Beat
 Dec. 31 2022      0.72           0.75           Beat
 Sep. 30 2022      0.74           0.81           Beat
 Jun. 30 2022      0.72           0.78           Beat