Novanta Sets Feb. 24 Q4 Call as Revenue Growth Forecasted at 9.5%
Novanta will issue its Q4 earnings on February 24 before the bell and host a conference call the same day. Analysts forecast 9.5% year-on-year revenue growth for Q4 after last quarter’s $247.8 million in revenues, up 1.4% year on year but suffering an EBITDA shortfall.
1. Earnings Date and Conference Call
Novanta will release its fourth-quarter results on February 24 before the market opens, followed by a live conference call for investors and analysts.
2. Q3 Performance
In the previous quarter, revenues rose 1.4% to $247.8 million year on year, but the company recorded a significant miss relative to EBITDA forecasts, highlighting margin pressures.
3. Analyst Revenue Forecast and Historical Trends
For Q4, analysts anticipate 9.5% year-on-year revenue growth, down from the 12.5% increase in the same quarter last year; estimates have remained stable over the past month, indicating steady expectations.
4. Peer Comparisons and Market Sentiment
Vicor reported a 35.3% revenue decline and a 42.2% analysts' miss, driving an 11.2% stock gain post-results, while Bel Fuse topped estimates with 17.4% revenue growth and saw its shares fall 4.4%; the sector is up 7.1% in the last month and Novanta shares have risen 6.2%, trading under an average $154 price target.