Nova (NVMI) Projected to Post Earnings on Thursday

Nova (NASDAQ:NVMI - Get Free Report) is anticipated to announce its Q1 2025 earnings results before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of $2.08 per share and revenue of $210.10 million for the quarter. Nova has set its Q1 2025 guidance at 2.000-2.160 EPS.

Nova (NASDAQ:NVMI - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The semiconductor company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.04). The firm had revenue of $194.77 million for the quarter, compared to analyst estimates of $186.50 million. Nova had a return on equity of 22.33% and a net margin of 27.33%. On average, analysts expect Nova to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Nova Price Performance

NVMI traded up $0.17 during trading on Tuesday, hitting $196.24. The stock had a trading volume of 17,570 shares, compared to its average volume of 223,415. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 34.14, a P/E/G ratio of 2.55 and a beta of 1.66. The company has a 50 day moving average price of $196.11 and a 200-day moving average price of $206.92. Nova has a one year low of $154.00 and a one year high of $289.90.

Wall Street Analysts Forecast Growth

NVMI has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Nova in a research report on Friday, February 14th. Citigroup raised shares of Nova from a "neutral" rating to a "buy" rating and raised their target price for the stock from $226.00 to $240.00 in a report on Monday, January 6th. Cantor Fitzgerald lowered their price objective on Nova from $315.00 to $300.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Bank of America cut their target price on Nova from $310.00 to $248.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Benchmark raised their price target on Nova from $245.00 to $295.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Nova currently has an average rating of "Moderate Buy" and a consensus price target of $264.60.

Nova Company Profile

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.