Nova (NASDAQ:NVMI) reported its Q1 earnings results on Thursday, May 12, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Nova beat estimated earnings by 25.0%, reporting an EPS of $1.3 versus an estimate of $1.04.
Revenue was up $49.82 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 3.25% drop in the share price the next day.
Here's a look at Nova's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.05 | 0.91 | 0.73 | 0.62 |
| EPS Actual | 1.08 | 1.16 | 0.90 | 0.70 |
| Revenue Estimate | 118.20M | 102.80M | 88.38M | 79.79M |
| Revenue Actual | 121.52M | 112.71M | 97.75M | 84.13M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Nova management provided guidance for Q2 2022, expecting earnings between $1.09 and $1.23 per share.
To track all earnings releases for Nova visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
