* Novanta Inc is expected to show a rise in quarterly revenue when it reports results on November 5 for the period ending September 30 2024

* The Bedford Massachusetts-based company is expected to report a 9.4% increase in revenue to $242.327 million from $221.5 million a year ago, according to the mean estimate from 3 analysts, based on LSEG data.The company's guidance on August 6 2024, for the period ended September 30, was for revenue between 241.00 million and 244.00 million.

* ​LSEG's mean analyst estimate for Novanta Inc is for earnings of 85 cents per share. The company's EPS guidance on August 6 2024, for the period ended September 30, was between 0.85 and 0.89

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months. ​

* Wall Street's median 12-month price target for Novanta Inc is 181.00​, above​ its last closing price of $170.24. ​​​

The company's guidance on August 6 2024 for the period ended September 30 was for Earnings before Interest, Taxes, Depreciation and Amortization of between 241 million and 58 million.The company's guidance on August 6 2024 for the period ended September 30 was for gross profit margin between 47% and 47.5%. Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jun. 30 2024 0.69 0.69 0.73 Beat 5.3

Mar. 31 2024 0.58 0.58 0.74 Beat 28.3

Jan. 1 0001 0.63 0.63 0.63 Met 0.5​

Sep. 30 2023 0.74 0.74 0.85 Beat 14.4

​​Jun. 0.73 0.73 0.80 Beat 9.6

30 2023

Mar. 31 2023 0.64 0.64 0.74 Beat 15​

Jan. 1 0001 0.72 0.72 0.75 Beat 4.2

Sep. 30 2022 0.74 0.74 0.81 Beat 9.1

This summary was machine generated November 1 at 14:54 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)