Wall Street analyst estimates for Novanta Inc. (NOVT): consensus price target, buy/hold/sell recommendations and forecasts for revenue, EPS and EBITDA for the upcoming fiscal years.
Operating globally, Novanta Inc. and its affiliated companies specialize in the development, production, and distribution of advanced photonics, vision, and precision motion components and sub-assemblies. These highly engineered solutions are supplied to Original Equipment Manufacturers (OEMs) across the medical and industrial sectors. Within its Photonics division, Novanta provides a suite of laser-driven technologies.
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-02 | $0.97 | ||
| 2026-08-05 | $0.89 | $0.83 | +7.2% |
| 2026-05-11 | $0.81 | $0.78 | +3.8% |
| 2026-02-23 | $0.91 | $0.88 | +3.4% |
| 2025-11-03 | $0.87 | $0.81 | +7.4% |
| 2025-08-05 | $0.76 | $0.74 | +2.7% |
| 2025-05-06 | $0.74 | $0.68 | +8.8% |
| 2025-02-25 | $0.76 | $0.81 | -6.2% |
Valuation Ratios
| P/E Ratio | 93.88 |
| Price / Book | 3.79 |
| EV / EBITDA | 28.19 |
| Dividend Yield | 0.00% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $384.8M | $521.3M | $614.3M | $626.1M | $590.6M | $706.8M | $860.9M | $881.7M | $949.2M | $980.6M |
| Cost of Revenue | $222.3M | $300.8M | $352.8M | $364.0M | $346.1M | $406.5M | $482.4M | $481.8M | $527.7M | $572.8M |
| Gross Profit | $162.5M | $220.5M | $261.5M | $262.1M | $244.5M | $300.3M | $378.5M | $399.9M | $421.5M | $407.8M |
| Research & Development | $32.0M | $41.7M | $51.0M | $56.0M | $61.0M | $72.5M | $85.8M | $91.7M | $95.5M | $95.5M |
| Selling, General & Admin | $81.7M | $102.0M | $115.9M | $118.4M | $109.9M | $129.2M | $158.9M | $164.5M | $175.9M | $195.7M |
| Operating Expenses | $129.5M | $163.0M | $190.5M | $206.8M | $188.6M | $236.3M | $275.4M | $289.4M | $311.0M | $291.1M |
| Operating Income | $33.0M | $57.6M | $71.0M | $55.3M | $55.9M | $64.1M | $103.1M | $110.5M | $110.6M | $116.7M |
| EBITDA | $61.4M | $100.2M | $116.1M | $110.1M | $98.0M | $125.5M | $160.6M | $169.9M | $179.9M | $153.0M |
| Interest Expense | $4.6M | $7.2M | $9.8M | $8.5M | $6.6M | $7.4M | $15.6M | $25.8M | $31.5M | $21.5M |
| Pre-tax Income | $32.5M | $76.1M | $61.3M | $45.8M | $48.4M | $56.2M | $87.2M | $83.7M | $79.1M | $69.6M |
| Income Tax | $10.5M | $13.8M | $10.2M | $5.0M | $3.9M | $5.8M | $13.1M | $10.9M | $15.0M | $15.8M |
| Net Income | $22.0M | $60.1M | $49.1M | $40.8M | $44.5M | $50.3M | $74.1M | $72.9M | $64.1M | $53.8M |
| EPS | $0.63 | $1.14 | $1.46 | $1.16 | $1.27 | $1.42 | $2.08 | $2.03 | $1.78 | $1.47 |
| EPS (Diluted) | $0.63 | $1.13 | $1.43 | $1.15 | $1.25 | $1.41 | $2.06 | $2.02 | $1.77 | $1.47 |
| Shares Outstanding (Diluted) | $34.9M | $35.3M | $35.5M | $35.5M | $35.7M | $35.8M | $35.9M | $36.0M | $36.1M | $36.7M |
Price
| Price | $150.61 |
| Market Cap | $5.4B |
| Exchange | NASDAQ |
| Country | US |
Related companies: BDC · BMI · BULL · ESE · ITRI · OSIS · PLXS
Explore sector: Technology · Hardware, Equipment & Parts
More sections of NOVT: Overview · Financials · Valuation · Statistics · Technical · Ownership · News · Events
Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Investment Academy — learn to analyze stocks