Earnings To Watch: Nova (NVMI) Reports Q4 Results Tomorrow

Adam Hejl /
2023/02/14 5:06 am EST

Semiconductor quality control company Nova (NASDAQ: NVMI) will be reporting earnings tomorrow morning. Here's what you need to know.

Last quarter Nova reported revenues of $143.9 million, up 27.7% year on year, beating analyst revenue expectations by 1.71%. It was a mixed quarter for the company, with a beat on the bottom line but an increase in inventory levels.

Is Nova buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Nova 's revenue to grow 21.6% year on year to $147.8 million, slowing down from the 59.3% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.25 per share.

Nova  Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 6.05%.

Looking at Nova's peers in the semiconductor manufacturing segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. Kulicke and Soffa's revenues decreased 61.8% year on year, missing analyst estimates by 0.15% and FormFactor reported revenue decline of 19% year on year, exceeding estimates by 6.89%. Kulicke and Soffa traded up 1.19% on the results, FormFactor was up 1.97%. Read our full analysis of Kulicke and Soffa's results here and FormFactor's results here.

There has been positive sentiment among investors in the semiconductor manufacturing segment, with the stocks up on average 8.35% over the last month. Nova is up 1.4% during the same time, and is heading into the earnings with analyst price target of $105, compared to share price of $90.58.

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The author has no position in any of the stocks mentioned.