- Nova’s third-quarter adjusted EPS forecast is $1.60 to $1.73, beating the estimate of $1.36.
- Revenue for the third quarter is projected to be between $168 million and $176 million.
- Regular EPS for the third quarter is expected to be between $1.39 and $1.52.
- In the second quarter, Nova reported adjusted EPS of $1.61, significantly higher than last year’s $1.06 and beating the estimate of $1.32.
- Total revenue for the second quarter was $156.9 million, marking a 28% increase year-over-year and surpassing the $148 million estimate.
- Products revenue for the second quarter reached $124.6 million, a 30% year-over-year increase, beating the $117.5 million estimate.
- Services revenue for the second quarter was $32.3 million, a 19% year-over-year increase, exceeding the $30.6 million estimate.
- Adjusted net income for the second quarter was $52.0 million, a 54% year-over-year increase, surpassing the $43.9 million estimate.
- The adjusted gross margin for the second quarter was 61%, higher than last year’s 59% and beating the 58.6% estimate.
- Nova’s shares rose by 2.1% in pre-market trading to $184.71 with 4,020 shares traded.
- Analyst ratings for Nova include 7 buys, 1 hold, and 0 sells.
A look at Nova Measuring Instruments Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Nova Measuring Instruments Ltd., a company that develops monitoring and measurement systems for the semiconductor industry, has been assigned Smartkarma Smart Scores across different factors. With promising scores in Growth, Resilience, and Momentum, Nova Measuring Instruments seems poised for long-term success in the market. The company’s strong growth potential, resilience in challenging times, and positive momentum signify a favorable outlook for investors looking to capitalize on the semiconductor sector’s growth.
While Nova Measuring Instruments may have scored lower in the Value and Dividend categories, its impressive ratings in Growth, Resilience, and Momentum suggest a company with a forward-looking approach and a competitive edge in the semiconductor industry. Investors seeking exposure to a company with strong growth prospects and operational stability might find Nova Measuring Instruments an attractive long-term investment option based on its overall Smartkarma Smart Scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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