Published on 10 May 2024 on Simply Wall St. via Yahoo Finance
Novanta Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Novanta Inc. (NASDAQ:NOVT) came out with its first-quarter results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. It looks like a credible result overall - although revenues of US$231m were what the analysts expected, Novanta surprised by delivering a (statutory) profit of US$0.41 per share, an impressive 28% above what was forecast. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
Check out our latest analysis for Novanta
