Nova: Q3 Earnings Insights

Nova NVMI reported its Q3 earnings results on Thursday, November 4, 2021 at 08:00 AM.

Here's what investors need to know about the announcement.

Nova their estimated earnings by 27.47%, reporting an EPS of $1.16 versus an estimate of $0.91, which surprised analysts.

Revenue was up $43,228,000 from the same period last year.

Last quarter the company beat on EPS by $0.17, which was followed by a 1.68% increase in the share price the next day.

Here's a look at Nova's past performance:

Quarter	Q2 2021	Q1 2021	Q4 2020	Q3 2020
EPS Estimate	0.73	0.62	0.52	0.47
EPS Actual	0.90	0.70	0.55	0.57
Revenue Estimate	88.38M	79.79M	69.90M	65.42M
Revenue Actual	97.75M	84.13M	76.30M	69.48M

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).

Nova management provided guidance for their next quarter, expecting earnings between $0.85 and $0.98 per share for the nextquarter.

This represents a -21.12% in quarter-over-quarter growth for Nova, a bearish signal to many investors.

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