Novanta Expects Q1 Revenue Of Approximately $225M-$230M Vs. $219.33M Estimate, Q1 Adjusted Diluted EPS Of $0.55-$0.60 Vs. $0.63 Estimate
Portfolio Pulse from Benzinga Newsdesk
Novanta anticipates Q1 revenue to be between $225M-$230M, surpassing the estimated $219.33M. However, its Q1 adjusted diluted EPS is expected to be $0.55-$0.60, below the $0.63 estimate.
February 28, 2024 | 12:16 pm
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NEUTRAL IMPACT
Novanta expects higher Q1 revenue than estimated but anticipates a lower adjusted diluted EPS.
The positive revenue forecast could boost investor confidence, potentially offsetting concerns over the lower EPS projection. The mixed financial outlook suggests a neutral short-term impact on Novanta's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100