Novanta (NASDAQ:NOVT) reported its Q1 earnings results on Tuesday, May 10, 2022 at 06:59 AM.
Here's what investors need to know about the announcement.
Earnings
Novanta beat estimated earnings by 15.87%, reporting an EPS of $0.73 versus an estimate of $0.63.
Revenue was up $41.63 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 3.85% increase in the share price the next day.
Here's a look at Novanta's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.64 | 0.60 | 0.51 | 0.39 |
| EPS Actual | 0.67 | 0.75 | 0.62 | 0.58 |
| Revenue Estimate | 191.62M | 172.06M | 164.32M | 156.28M |
| Revenue Actual | 198.96M | 177.73M | 167.52M | 162.58M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Novanta management provided guidance for Q2 2022, expecting earnings between $0.69 and $0.73 per share.
To track all earnings releases for Novanta visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
