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

Novanta

08/11/2022 14:32

* Novanta Inc  NOVT.OQ  reported quarterly adjusted earnings
of 81
cents​​ per share for the quarter ended in September. The mean
expectation of four analysts for the quarter was for earnings of
74 cents per share.
    * Revenue rose 25.5% to $222.96 million from a year ago;
analysts
expected $215.38 million. 
    * Novanta Inc's reported EPS for the quarter was 63 cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.3%
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 21.5% this quarter and
lost 20.3% so far this year.
    * The company reported quarterly net income of $22.49
million.
    * Wall Street's median 12-month price target for Novanta Inc
is
$132.00 
    * 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 November
8 at 02:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.74           0.81           Beat
 Jun. 30 2022      0.72           0.78           Beat
 Mar. 31 2022      0.63           0.73           Beat
 Dec. 31 2021      0.64           0.67           Beat