Nova (NASDAQ:NVMI – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.270-1.420 for the period, compared to the consensus earnings per share estimate of 1.290. The company issued revenue guidance of $144.0 million-$152.0 million, compared to the consensus revenue estimate of $140.8 million. Nova also updated its Q2 guidance to $1.27-1.42 EPS.
Nova Trading Up 4.4 %
NASDAQ:NVMI traded up $7.93 during trading hours on Thursday, reaching $189.05. The company had a trading volume of 58,640 shares, compared to its average volume of 163,922. The firm’s 50 day moving average price is $175.42 and its 200-day moving average price is $147.32. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of 42.32, a PEG ratio of 6.76 and a beta of 1.40. Nova has a 52 week low of $89.59 and a 52 week high of $190.51.
Nova (NASDAQ:NVMI – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.29. Nova had a net margin of 26.32% and a return on equity of 20.55%. The company had revenue of $141.80 million for the quarter, compared to the consensus estimate of $136.78 million. During the same quarter last year, the firm posted $1.12 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, analysts forecast that Nova will post 4.87 earnings per share for the current fiscal year.
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About Nova
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.
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