Nova (NASDAQ:NVMI) Updates Q2 Earnings Guidance

Nova (NASDAQ:NVMI) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.27-1.42 for the period, compared to the consensus estimate of $1.28. The company issued revenue guidance of $144-152 million, compared to the consensus revenue estimate of $140.60 million.

Nova Trading Down 1.3 %

Shares of Nova stock opened at $181.12 on Thursday. The stock’s fifty day moving average price is $175.42 and its 200-day moving average price is $147.32. The firm has a market cap of $5.19 billion, a P/E ratio of 42.32, a P/E/G ratio of 6.76 and a beta of 1.40. Nova has a 12 month low of $89.59 and a 12 month high of $190.51.

Nova (NASDAQ:NVMI) last posted its earnings results on Thursday, February 15th. The semiconductor company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.14. Nova had a net margin of 26.32% and a return on equity of 20.55%. The business had revenue of $134.22 million for the quarter, compared to the consensus estimate of $128.00 million. Analysts forecast that Nova will post 4.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.