Nova: Q1 Earnings Insights - Nova (NASDAQ:NVMI)

Nova 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.

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.

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).

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.