Nova Ltd. reports results for the quarter ended September 30 - Earnings Summary

• Nova Ltd. reported quarterly adjusted earnings of $2.86​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $2.16. The mean expectation of eight analysts for the quarter was for earnings of $2.77 per share. Wall Street expected results to range from $2.71 to $2.80 per share.

• Revenue rose 28.2% to $287.84 million from a year ago; analysts expected $282.15 million.

• Nova Ltd.'s reported EPS for the quarter was $2.64​.

• The company reported quarterly net income of $89.96 million.

• Nova Ltd. shares had fallen by 23.3% this quarter and lost 10.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for Nova Ltd. is $500.00, about 40.9% above its last closing price of $295.35

This summary was machine generated from LSEG data November 5 at 03:08 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)