Novanta (NOVT) Q4 Earnings Beat Estimates

Core Viewpoint - Novanta (NOVT) reported quarterly earnings of $0.76 per share, exceeding the Zacks Consensus Estimate of$ 0.71 per share, and showing an increase from $0.63 per share a year ago, indicating a 7.04% earnings surprise [1][2] Financial Performance - The company posted revenues of$ 238.06 million for the quarter ended December 2024, which was 0.57% below the Zacks Consensus Estimate, but an increase from $211.57 million year-over-year [2] - Over the last four quarters, Novanta has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times as well [2] Stock Performance - Novanta shares have declined approximately 9.5% since the beginning of the year, contrasting with the S&P 500's gain of 1.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.78, with expected revenues of $245.18 million, and for the current fiscal year, the consensus EPS is$ 3.68 on revenues of $1.04 billion [7] - The trend of estimate revisions for Novanta is mixed, which could change following the recent earnings report [6] Industry Context - The Electronics - Miscellaneous Components industry, to which Novanta belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, suggesting potential challenges ahead [8]