Nova Measuring Instruments Ltd. (NASDAQ:NVMI) is set to announce third quarter earning results on Thursday 12th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, NVMI to report 3Q20 income of $ 0.47 per share.
For the full year, analysts anticipate top line of $ 254.98 million, while looking forward to income of $ 1.89 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.51 ~ $ 0.56 per share, while revenues are expected in a range of $ 68.00 million ~ $ 70.00 million
Click Here For More Historical Outlooks Of Nova Measuring Instruments Ltd.
Previous Quarter Performance
Nova Measuring Instruments Ltd. communicated income for the second quarter of $ 0.48 per share, from the revenue of $ 62.59 million. The quarterly earnings grew 50.00 percent while revenues expanded 25.43 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.44 per share from $ 62.30 million in revenue. The bottom line results beat street analysts by $ 0.04 or 9.09 percent, at the same time, top line results outshined analysts by $ 0.29 million or 0.47 percent.
Stock Performance
Shares of Nova Measuring Instruments Ltd. traded up $ 1.61 or 2.72 percent on Wednesday, reaching $ 60.91 with volume of 121.70 thousand shares. Nova Measuring Instruments Ltd. has traded high as $ 61.65 and has cracked $ 59.88 on the downward trend
The closing price of $ 60.91, representing a 130.74 % increase from the 52 week low of $ 25.70 and a 8.77 % decrease over the 52 week high of $ 65.00.
The company has a market capital of $ 1.71 billion and is part of the Technology sector and Semiconductor Equipment & Materials industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Needham & Company LLC at Buy rating, with $ 65.00 target price.
- On 14th October 2020, maintained by Benchmark at Buy rating, with $ 65.00 target price.
Conference Call
Nova Measuring Instruments Ltd. will be hosting a conference call at 9:00 AM eastern time on 12th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 1-888-394-8218 U.S. or 1-323-701-0225 Toll Number, and the passcode is 1420148 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.novami.com
Nova Measuring Instruments Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel. Its product portfolio includes integrated and stand-alone metrology platforms for dimensional, films, and material metrology measurements for process control across various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, and deposition.
