Nova (NASDAQ:NVMI) Updates Q4 Earnings Guidance

Nova (NASDAQ:NVMI) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $1.72-1.91 for the period, compared to the consensus earnings per share estimate of $1.69. The company issued revenue guidance of $181-191 million, compared to the consensus revenue estimate of $177.88 million. Nova also updated its Q4 2024 guidance to 1.720-1.910 EPS.

Nova Stock Performance

NVMI opened at $191.31 on Thursday. The business’s 50-day simple moving average is $199.11 and its 200 day simple moving average is $207.60. Nova has a 52-week low of $98.86 and a 52-week high of $247.21. The firm has a market capitalization of $5.56 billion, a PE ratio of 39.77, a PEG ratio of 1.89 and a beta of 1.47.

Nova (NASDAQ:NVMI) last announced its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.43. The company had revenue of $156.86 million for the quarter, compared to analysts’ expectations of $148.12 million. Nova had a return on equity of 20.76% and a net margin of 27.38%. The business’s revenue was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 EPS. On average, research analysts forecast that Nova will post 5.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NVMI shares. Citigroup lowered shares of Nova from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $273.00 to $224.00 in a research report on Monday, September 16th. Benchmark increased their price objective on shares of Nova from $215.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.