Nova (NVMI) Scheduled to Post Quarterly Earnings on Thursday

Nova (NASDAQ:NVMI) will issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $1.10 per share for the quarter. Nova has set its Q1 guidance at $1.21-1.33 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Nova (NASDAQ:NVMI) last posted its quarterly earnings data on Thursday, February 15th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.14. The firm had revenue of $134.22 million for the quarter, compared to the consensus estimate of $128.00 million. Nova had a net margin of 26.32% and a return on equity of 20.55%. On average, analysts expect Nova to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Nova Price Performance

NVMI opened at $183.53 on Wednesday. Nova has a fifty-two week low of $89.59 and a fifty-two week high of $190.51. The firm has a market capitalization of $5.26 billion, a P/E ratio of 42.88, a PEG ratio of 6.76 and a beta of 1.40. The company’s 50-day moving average is $175.15 and its 200 day moving average is $147.08.

Wall Street Analysts Forecast Growth

Several research firms have commented on NVMI. Evercore ISI initiated coverage on shares of Nova in a research report on Tuesday, April 16th. They set an “outperform” rating and a $210.00 target price on the stock. Benchmark increased their price target on Nova from $150.00 to $187.00 and gave the company a “buy” rating in a research report on Friday, February 16th.

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.