Reflecting On Electronic Components Stocks' Q1 Earnings: Novanta (NASDAQ:NOVT) [Yahoo! Finance]
Novanta Inc. - Common Shares (NOVT)
Last novanta inc. - common shares earnings: 2/26 06:59 am
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Source: Yahoo! Finance
Let's take a look at how Novanta (NASDAQ:NOVT) and the rest of the electronic components stocks fared in Q1. Like many equipment and component manufacturers, electronic components companies are buoyed by secular trends such as connectivity and industrial automation. More specific pockets of strong demand include data centers and telecommunications, which can benefit companies whose optical and transceiver offerings fit those markets. But like the broader industrials sector, these companies are also at the whim of economic cycles. Consumer spending, for example, can greatly impact these companies' volumes. The 10 electronic components stocks we track reported a decent Q1; on average, revenues beat analyst consensus estimates by 0.8%. while next quarter's revenue guidance was in line with consensus. Stocks--especially those trading at higher multiples--had a strong end of 2023, but 2024 has seen periods of volatility. Mixed signals about inflation have led to uncertainty around rate
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NOVT
News
- Novanta to Present at the Baird 2024 Global Industrial Conference on Wednesday, November 13, 2024Business Wire
- Novanta Inc. Schedules Earnings Release and Conference Call for Tuesday, November 5, 2024Business Wire
- Novanta (NASDAQ:NOVT) shareholders have earned a 15% CAGR over the last five years [Yahoo! Finance]Yahoo! Finance
- Looking to Buy an Artificial Intelligence (AI) ETF? Buy This ETF Instead [Yahoo! Finance]Yahoo! Finance
- Novanta Inc.: Overpriced In A Weak Demand Market. Here's Why It's A Hold [Seeking Alpha]Seeking Alpha
NOVT
Earnings
- 8/6/24 - Beat
NOVT
Sec Filings
- 10/3/24 - Form 4
- 10/1/24 - Form 144
- 10/1/24 - Form 4
- NOVT's page on the SEC website