Novanta Earnings: What To Look For From NOVT
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Novanta will announce its earnings results on Monday after market close. Last quarter, it missed revenue expectations with $258.3 million, an 8.5% year-on-year increase. Analysts expect an 8.6% revenue growth this quarter. Despite previous misses, analysts have maintained their estimates. Peers like nLIGHT and Littelfuse reported strong growth, boosting investor sentiment in the electronic components sector. Novanta's share price has risen 12% recently, with an average analyst price target of $157 against its current price of $140.24.
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