- Better than Expected Q1 EPS Forecast: Nova projects adjusted EPS for Q1 between $2.00 and $2.16, surpassing estimates of $1.86.
- Q1 Revenue Expectations: Revenue forecasted to reach between $205 million and $215 million.
- Projected Q1 Regular EPS: Expected EPS is between $1.75 and $1.91.
- Strong Q4 Performance: Adjusted EPS was $1.94, up from $1.36 year-on-year, surpassing the estimate of $1.84.
- Significant Revenue Growth in Q4: Total revenue increased by 45% year-on-year to $194.8 million, beating the estimated $187.7 million.
- Products Revenue Surge: Products revenue grew by 52% year-on-year, totaling $158.5 million.
- Services Revenue Increase: Services revenue rose by 20% year-on-year to $36.2 million.
- Increased Adjusted Net Income: Adjusted net income climbed 43% year-on-year to $62.3 million, exceeding the estimate of $58.4 million.
- Consistent Adjusted Gross Margin: Adjusted gross margin was 58%, slightly lower than the estimated 58.3%, but higher than last year’s 57%.
- Positive Analyst Recommendations: Eight analysts recommend buying, one recommends holding, and none recommend selling.
A look at Nova Measuring Instruments Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
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
Investors eyeing Nova Measuring Instruments Ltd. are intrigued by its promising long-term prospects, backed by a mix of positive indicators from Smartkarma Smart Scores. With a strong performance in Growth and Resilience scoring high at 4, the company appears to be on a solid trajectory for expansion and stability within the semiconductor industry. Additionally, a Momentum score of 3 suggests that Nova Measuring Instruments is not lacking in agility to capitalize on market trends.
In contrast, areas like Dividend and Value show lower scores of 1 and 2 respectively. Despite this, the company’s focus on technological advancements and consistent growth positions it well for the future. The development, production, and marketing of monitoring and measurement systems by Nova Measuring Instruments reflect a strategic approach to cater to the semiconductor manufacturing industry’s evolving needs, placing the company on a favorable path for sustained success.
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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