Nova (NVMI) Q4 Earnings: Key Expectations for Investors
Revenue Growth Projections:
Analysts predict a robust year-over-year revenue increase of 38.7% to $186.2 million, reversing the 11.3% decline in Q4 of last year.
Earnings Per Share Estimates:
Adjusted earnings per share are anticipated to reach $1.82, aligning with analysts' current estimates.
Analyst Sentiment:
Analysts have generally maintained their estimates over the past 30 days, indicating a stable outlook for Nova ahead of earnings.
Historical Performance:
Nova has consistently exceeded Wall Street expectations, surpassing revenue estimates by an average of 3% over the past two years.
Peer Company Results:
* FormFactor (FORM): 12.7% YoY revenue growth, meeting expectations
* KLA Corporation: 23.7% YoY revenue growth, exceeding estimates by 4.5%
Industry Outlook:
The semiconductor manufacturing industry has experienced relatively stable stock prices leading up to earnings, with an average decline of 1.5% over the past month. Nova, however, has outperformed with a 10.5% increase.
Average Analyst Price Target:
Analysts have assigned an average price target of $249.45 to Nova, slightly below the current share price of $252.59.