Novanta Q4 Adj. EPS $0.63, Inline, Sales $211.57M Beat $210.69M Estimate
Portfolio Pulse from Benzinga Newsdesk
Novanta reported Q4 adjusted EPS of $0.63, meeting analyst estimates, with a 16% decrease from last year's $0.75. Sales were $211.57M, slightly above the $210.69M estimate but down 3.12% from last year.
February 28, 2024 | 12:03 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Novanta's Q4 earnings matched expectations with an EPS of $0.63 and sales slightly above estimates at $211.57M, despite a year-over-year decrease.
Meeting EPS estimates and slightly beating sales forecasts might be seen positively by investors, but the year-over-year decline in both earnings and sales could temper any potential positive impact on the stock price. The neutral score reflects this balance of factors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100