For its third fiscal quarter (ending September 30), Nova Ltd (NASDAQ: NVMI) has reported a -4% decline in E.P.S. from $1.22 a year ago to $1.17 in the current quarter. Relative to the consensus estimate of $1.09, this was a premium of $0.08. For the latest four quarters through September 30, E.P.S. were $4.68 versus $4.41 for the same period a year ago — an increase of 6%.
Recent Price Action
Nova Ltd (NASDAQ: NVMI) stock closed at $106.60 on 11/9/23 after a large increase of 4.9%. The stock has risen 9.5% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NVMI is expected to continue to be an important Value Builder.
Nova has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Nova has a slightly negative Appreciation Score of 39 but a very high Power Rating of 88, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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