Nova (NVMI) Scheduled to Post Earnings on Thursday

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

Nova (NASDAQ:NVMI) last announced its earnings results on Thursday, February 15th. The semiconductor company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.14. The company had revenue of $134.22 million during the quarter, compared to analyst estimates 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

Shares of NVMI stock opened at $167.34 on Thursday. The firm has a market cap of $4.80 billion, a PE ratio of 39.10, a price-to-earnings-growth ratio of 6.60 and a beta of 1.41. The company has a 50-day moving average of $173.96 and a two-hundred day moving average of $144.57. Nova has a 1-year low of $87.85 and a 1-year high of $190.51.

Analyst Ratings Changes

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

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.