For its fourth fiscal quarter (ending December 31), Novanta Inc (NASDAQ: NOVT) has reported a -19% decline in E.P.S. from $0.43 a year ago to $0.35 in the current quarter. This performance was $-0.29 short of the consensus estimate of $0.64. E.P.S. were $2.03 for the latest four quarters through December 31 versus $2.08 for the same period a year ago — a decline of -2%.
Recent Price Action
On 2/28/24, Novanta Inc (NASDAQ: NOVT) stock enjoyed a very large increase of 6.4%, closing at $167.45. Moreover, trading volume in this advance was exceptionally high at 219% of normal. Relative to the market the stock has been weak over the last nine months but has risen 4.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NOVT is expected to continue to be an important Value Builder.
Novanta has a current Value Trend Rating of F (Lowest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Novanta has a slightly negative Power Rating of 34 and a very low Appreciation Score of 9, leading to the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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