Novanta Inc (NASDAQ: NOVT) has reported E.P.S. of $0.59 for its third fiscal quarter (ending September 30) versus $0.63 for the same period a year ago — a decline of -6%. This performance was $-0.15 short of the consensus estimate of $0.74. For the latest four quarters through September 30, E.P.S. were $2.11 compared to $2.04 a year ago — an increase of 3%.
Recent Price Action
Novanta Inc (NASDAQ: NOVT) stock suffered a major decline of -13.5% on 11/7/23. The shares closed at $119.75. The stock has declined -8.6% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
NOVT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Novanta has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Novanta has a neutral Power Rating of 48 but a very low Appreciation Score of 10, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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