Novadaq Technologies (NVDQ) Releases Quarterly Earnings, Misses Estimates By $0.11 EPS
Novadaq Technologies (NASDAQ:NVDQ) released its earnings data on Tuesday. The company reported ($0.14) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.03) by $0.11, AR Network reports. The company had revenue of $8.90 million for the quarter, compared to the consensus estimate of $8.68 million.
A number of research firms have recently commented on NVDQ. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Novadaq Technologies in a research note to investors on Monday. They now have a $14.00 price target on the stock. On a related note, analysts at Northland Securities reiterated an “underperform” rating on shares of Novadaq Technologies in a research note to investors on Monday, October 14th. Finally, analysts at Zacks upgraded shares of Novadaq Technologies from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, October 7th. They now have a $17.40 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $14.56.
Novadaq Technologies (NASDAQ:NVDQ) opened at 16.60 on Tuesday. Novadaq Technologies has a 52 week low of $8.29 and a 52 week high of $18.77. The stock has a 50-day moving average of $16.0 and a 200-day moving average of $13.9. The company’s market cap is $803.5 million.
Novadaq Technologies Inc develops and commercializes medical imaging and therapeutic devices for use in the operating room.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.