Nova (NVMI) to Release Earnings on Thursday

Nova (NASDAQ:NVMI) will be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $1.49 per share for the quarter. Nova has set its Q3 guidance at $1.60-1.73 EPS and its Q3 2024 guidance at 1.600-1.730 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Nova (NASDAQ:NVMI) last released its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.43. The business had revenue of $156.86 million during the quarter, compared to analyst estimates of $148.12 million. Nova had a net margin of 27.38% and a return on equity of 20.76%. Nova’s revenue was up 27.8% compared to the same quarter last year. During the same period last year, the business earned $0.97 EPS. On average, analysts expect Nova to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Nova Stock Performance

Shares of NASDAQ NVMI opened at $197.58 on Thursday. The firm’s 50 day moving average price is $203.45 and its 200-day moving average price is $207.12. Nova has a 52-week low of $92.68 and a 52-week high of $247.21. The company has a market cap of $5.74 billion, a PE ratio of 41.08, a P/E/G ratio of 1.91 and a beta of 1.46.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Benchmark raised their price target on shares of Nova from $215.00 to $240.00 and gave the company a “buy” rating in a report on Friday, August 9th. Citigroup downgraded shares of Nova from a “buy” rating to a “neutral” rating and cut their target price for the stock from $273.00 to $224.00 in a research report on Monday, September 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Nova currently has a consensus rating of “Moderate Buy” and an average price target of $226.80.

Nova Company Profile

Nova Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally. Its product portfolio includes a set of metrology platforms for dimensional, films, and materials and chemical metrology measurements for process control for various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, deposition, electrochemical plating, and advanced packaging.