Novanta Past Earnings Performance
Past criteria checks 2/6
Novanta has been growing earnings at an average annual rate of 12%, while the Electronic industry saw earnings growing at 14.4% annually. Revenues have been growing at an average rate of 9.4% per year. Novanta's return on equity is 10.8%, and it has net margins of 8.3%.
Key information
12.0%
Earnings growth rate
11.4%
EPS growth rate
| Electronic Industry Growth | 15.3% |
| Revenue growth rate | 9.4% |
| Return on equity | 10.8% |
| Net Margin | 8.3% |
| Next Earnings Update | 07 May 2024 |
Recent past performance updates
Recent updates
Novanta (NASDAQ:NOVT) Has Some Way To Go To Become A Multi-Bagger
Feb 24
Does Novanta (NASDAQ:NOVT) Have A Healthy Balance Sheet?
Feb 05Getting In Cheap On Novanta Inc. (NASDAQ:NOVT) Is Unlikely
Dec 29Why Novanta Inc. (NASDAQ:NOVT) Could Be Worth Watching
Nov 20Here's Why We Think Novanta (NASDAQ:NOVT) Is Well Worth Watching
Nov 01Does This Valuation Of Novanta Inc. (NASDAQ:NOVT) Imply Investors Are Overpaying?
Oct 19Novanta (NASDAQ:NOVT) Seems To Use Debt Quite Sensibly
Sep 21Return Trends At Novanta (NASDAQ:NOVT) Aren't Appealing
Sep 06What Does Novanta Inc.'s (NASDAQ:NOVT) Share Price Indicate?
Aug 19Here's Why We Think Novanta (NASDAQ:NOVT) Is Well Worth Watching
Jul 16Slowing Rates Of Return At Novanta (NASDAQ:NOVT) Leave Little Room For Excitement
Jun 06These 4 Measures Indicate That Novanta (NASDAQ:NOVT) Is Using Debt Reasonably Well
May 16Should You Investigate Novanta Inc. (NASDAQ:NOVT) At US$156?
Apr 13Here's Why We Think Novanta (NASDAQ:NOVT) Is Well Worth Watching
Mar 29Investors Met With Slowing Returns on Capital At Novanta (NASDAQ:NOVT)
Feb 27These 4 Measures Indicate That Novanta (NASDAQ:NOVT) Is Using Debt Safely
Feb 12Is Novanta Inc. (NASDAQ:NOVT) Potentially Undervalued?
Jan 12We Ran A Stock Scan For Earnings Growth And Novanta (NASDAQ:NOVT) Passed With Ease
Dec 28Is Novanta (NASDAQ:NOVT) Using Too Much Debt?
Nov 02What Does Novanta Inc.'s (NASDAQ:NOVT) Share Price Indicate?
Oct 03With EPS Growth And More, Novanta (NASDAQ:NOVT) Makes An Interesting Case
Sep 19Novanta Inc. (NASDAQ:NOVT) Shares Could Be 31% Above Their Intrinsic Value Estimate
Aug 23Novanta Non-GAAP EPS of $0.78 beats by $0.06, revenue of $215.34M beats by $6.27M, raises FY guidance
Aug 09Novanta (NASDAQ:NOVT) Could Easily Take On More Debt
Aug 03Here's What To Make Of Novanta's (NASDAQ:NOVT) Decelerating Rates Of Return
Jul 11At US$124, Is Novanta Inc. (NASDAQ:NOVT) Worth Looking At Closely?
Jun 09Calculating The Fair Value Of Novanta Inc. (NASDAQ:NOVT)
May 10Novanta (NASDAQ:NOVT) Seems To Use Debt Rather Sparingly
Apr 22Returns On Capital At Novanta (NASDAQ:NOVT) Paint A Concerning Picture
Apr 03Is It Time To Consider Buying Novanta Inc. (NASDAQ:NOVT)?
Feb 21Does This Valuation Of Novanta Inc. (NASDAQ:NOVT) Imply Investors Are Overpaying?
Feb 04Returns On Capital At Novanta (NASDAQ:NOVT) Paint A Concerning Picture
Dec 21Is Novanta (NASDAQ:NOVT) A Risky Investment?
Nov 23Novanta (NASDAQ:NOVT) Has More To Do To Multiply In Value Going Forward
Sep 16Is Now The Time To Put Novanta (NASDAQ:NOVT) On Your Watchlist?
Aug 25These 4 Measures Indicate That Novanta (NASDAQ:NOVT) Is Using Debt Reasonably Well
Aug 04Revenue & Expenses BreakdownBeta
Revenue & Expenses Breakdown
BetaHow Novanta makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 882 | 73 | 165 | 92 |
| 29 Sep 23 | 888 | 76 | 161 | 90 |
| 30 Jun 23 | 890 | 77 | 162 | 89 |
| 31 Mar 23 | 876 | 73 | 160 | 88 |
| 31 Dec 22 | 861 | 74 | 159 | 86 |
| 30 Sep 22 | 841 | 73 | 156 | 83 |
| 01 Jul 22 | 796 | 64 | 147 | 79 |
| 01 Apr 22 | 748 | 58 | 137 | 75 |
| 31 Dec 21 | 707 | 50 | 130 | 73 |
| 01 Oct 21 | 655 | 49 | 122 | 69 |
| 02 Jul 21 | 621 | 44 | 117 | 67 |
| 02 Apr 21 | 598 | 44 | 111 | 64 |
| 31 Dec 20 | 591 | 45 | 110 | 61 |
| 02 Oct 20 | 603 | 41 | 112 | 60 |
| 03 Jul 20 | 614 | 42 | 113 | 58 |
| 03 Apr 20 | 624 | 40 | 118 | 57 |
| 31 Dec 19 | 626 | 41 | 119 | 56 |
| 27 Sep 19 | 623 | 43 | 117 | 54 |
| 28 Jun 19 | 629 | 56 | 119 | 54 |
| 29 Mar 19 | 625 | 57 | 119 | 53 |
| 31 Dec 18 | 614 | 51 | 116 | 51 |
| 28 Sep 18 | 605 | 39 | 115 | 50 |
| 29 Jun 18 | 591 | 18 | 113 | 48 |
| 30 Mar 18 | 559 | 12 | 108 | 44 |
| 31 Dec 17 | 521 | 40 | 102 | 42 |
| 29 Sep 17 | 473 | 48 | 94 | 38 |
| 30 Jun 17 | 425 | 55 | 86 | 34 |
| 31 Mar 17 | 403 | 54 | 82 | 33 |
| 31 Dec 16 | 385 | 22 | 81 | 32 |
| 30 Sep 16 | 376 | 20 | 80 | 31 |
| 01 Jul 16 | 371 | 19 | 80 | 31 |
| 01 Apr 16 | 369 | 34 | 81 | 31 |
| 31 Dec 15 | 374 | 36 | 82 | 31 |
| 02 Oct 15 | 377 | 1 | 85 | 32 |
| 03 Jul 15 | 380 | 0 | 86 | 32 |
| 03 Apr 15 | 380 | -16 | 87 | 31 |
| 31 Dec 14 | 365 | -17 | 84 | 29 |
| 26 Sep 14 | 353 | 16 | 82 | 27 |
| 27 Jun 14 | 338 | 13 | 79 | 25 |
| 28 Mar 14 | 321 | 11 | 77 | 24 |
| 31 Dec 13 | 317 | 10 | 76 | 24 |
| 27 Sep 13 | 301 | 20 | 73 | 23 |
| 28 Jun 13 | 291 | 20 | 71 | 23 |
Quality Earnings: NOVT has high quality earnings.
Growing Profit Margin: NOVT's current net profit margins (8.3%) are lower than last year (8.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: NOVT's earnings have grown by 12% per year over the past 5 years.
Accelerating Growth: NOVT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NOVT had negative earnings growth (-1.6%) over the past year, making it difficult to compare to the Electronic industry average (-5.9%).
Return on Equity
High ROE: NOVT's Return on Equity (10.8%) is considered low.