Nova (NVMI) to Release Earnings on Thursday

Nova (NASDAQ:NVMI) will issue its quarterly 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.Parties that wish to listen to the company’s 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. Nova had a return on equity of 20.76% and a net margin of 27.38%. The firm had revenue of $156.86 million during the quarter, compared to analyst estimates of $148.12 million. During the same quarter in the prior year, the firm posted $0.97 earnings per share. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. On average, analysts expect Nova to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Nova Stock Down 1.0 %

NASDAQ:NVMI opened at $197.58 on Thursday. The firm has a market capitalization of $5.74 billion, a P/E ratio of 41.08, a P/E/G ratio of 1.91 and a beta of 1.46. The company has a fifty day moving average of $203.45 and a 200 day moving average of $207.12. Nova has a 52 week low of $92.68 and a 52 week high of $247.21.

Analysts Set New Price Targets

Several equities analysts have recently commented on NVMI shares. Citigroup downgraded shares of Nova from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $273.00 to $224.00 in a research note on Monday, September 16th. Benchmark increased their price objective on Nova from $215.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $226.80.

About Nova

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.