Nova Ltd. Earnings Report Expected Next Week
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 07 2024
0mins
Should l Buy NVMI?
Nova Ltd. shares fell 5.54% as the stock crossed below its 5-day SMA.
The company is set to report earnings on Thursday, with historical data indicating an average stock price increase of 1.6% post-report. This comes amid a strong first-quarter earnings season, where nearly 85% of S&P 500 companies have reported earnings beats, likely influencing market sentiment positively. However, despite the overall market strength, Nova's stock has seen a decline.
Investors are closely watching Nova's upcoming earnings report, especially after its impressive 53% surge this year, which has already exceeded Barclays' price target of $465.
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Analyst Views on NVMI
Wall Street analysts forecast NVMI stock price to fall
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 504.540
Low
335.00
Averages
355.25
High
390.00
Current: 504.540
Low
335.00
Averages
355.25
High
390.00
About NVMI
Nova Ltd, former Nova Measuring Instruments Ltd,is an Israel based company which provides metrology solutions for the semiconductor manufacturing industry. The Company offers in-line Optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems, which are attached directly to wafer fabrication process equipment. Its metrology systems measure various film thickness and composition properties, as well as critical-dimension (CD) variables during various front-end and back-end of line steps in the semiconductor wafer fabrication process. Its product portfolio includes a set of in-situ, integrated and stand-alone metrology platforms suited for dimensional, films and material metrology measurements for process control across multiple semiconductor manufacturing process steps. Its products include NovaScan 2040, NovaScan 3090Next, Nova i500, Nova T500, Nova T600, Nova V2600 TSV metrology system among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Copa and Nova Earnings Outlook Next Week
- Earnings Surprises: According to FactSet, nearly 85% of over 420 S&P 500 companies have reported earnings beats, indicating a strong first-quarter earnings season that is likely to positively influence market sentiment.
- Copa Holdings Performance: Copa is set to report earnings next Wednesday, with historical data showing an average stock price increase of 1.9% post-report; Goldman Sachs upgraded its rating from neutral to buy, raising the price target from $138 to $151, implying a potential upside of about 23%.
- Nova Stock Performance: Nova will report earnings on Thursday, with historical data indicating an average stock price increase of 1.6% post-report; the stock has surged 53% this year, already exceeding Barclays' price target of $465, reflecting strong market performance.
- Market Focus on Other Companies: Other companies reporting earnings next week include Yeti, Vonage, and Kornit Digital, which have historically posted surprise beats, potentially further boosting positive market sentiment.
See More
Semiconductor Stocks Retreat Amid Geopolitical Tensions
- Geopolitical Tensions: Semiconductor stocks fell in the afternoon session as geopolitical tensions between the US and China escalated over AI technology, with Nova, Analog Devices, and Qorvo dropping 2.6%, 2.4%, and 2.5% respectively, reflecting market concerns about future uncertainties.
- Chinese Intervention: China ordered Meta to unwind its $2 billion acquisition of AI startup Manus on national security grounds, seen as a direct intervention to limit foreign access to its advanced technology sector, potentially impacting foreign companies' operational strategies.
- Supply Chain Concerns: Ongoing worries about global supply chain disruptions due to the US, Israel, and Iran conflict have led to rising raw material costs, causing investors to be concerned about potential production delays and increased operational costs for technology hardware companies, further exacerbating market anxiety.
- Market Overreaction: Despite the market's strong negative reaction to bad news, Nova's stock has risen 52.9% year-to-date, currently trading at $530.36 per share, close to its 52-week high of $542.95, indicating that there are still buying opportunities for high-quality stocks.
See More
Intel's Strong Earnings Propel Semiconductor Stocks Higher
- Intel's Earnings Boost: Intel's data center business reported a 22% growth, indicating that AI-driven hardware demand is significantly recovering, which has bolstered optimism across the semiconductor sector and enhanced investor confidence.
- Sector-Wide Rally: Following Intel's results, peers like AMD, Qualcomm, and ARM saw their stock prices rise over 10%, reflecting a growing market consensus that the 'AI trade' is expanding beyond Nvidia's specialized chips into the broader silicon ecosystem.
- Forecast Upgrade: Research firm Omdia significantly raised its semiconductor revenue forecast for 2026, anticipating robust growth driven by surging demand for memory and data storage components fueled by artificial intelligence.
- Nova's Stock Volatility: Nova's shares jumped 4.5%, marking a 57.8% increase year-to-date and reaching a new 52-week high, indicating market interest in the company's future prospects despite its high volatility.
See More
Nova Schedules Q1 2026 Financial Results Conference Call
- Earnings Release Schedule: Nova expects to release its Q1 2026 financial results before the Nasdaq opens on May 14, 2026, indicating the company's commitment to transparency and investor communication.
- Conference Call Details: CEO Gaby Waisman and CFO Guy Kizner will host a conference call at 8:30 a.m. Eastern Time on May 14, providing an in-depth analysis of financial results aimed at boosting investor confidence.
- Live Webcast Availability: The conference will be available via a live webcast link on Nova's Investor Relations website, ensuring global investors can access real-time information, reflecting the company's modernization efforts in information dissemination.
- Replay Arrangements: A replay of the conference call will be available from May 14 to May 21, allowing investors to access the information through designated numbers, demonstrating the company's commitment to ongoing communication.
See More
NOVA INFRASTRUCTURE SURPASSES GOAL, SECURING $1.45 BILLION IN TOTAL CAPITAL COMMITMENTS FOR NOVA FUND II
Funding Achievement: Nova Infrastructure has exceeded its target by raising $1.45 billion in aggregate capital commitments for Nova Fund II.
Investment Focus: The raised funds will be directed towards infrastructure investments, aligning with Nova's strategic goals.
See More
Three Potential Stocks to Boost Investment Returns
- Outstanding Performance of Nova: Nova (NVMI) has achieved a remarkable 406% return over the past five years, with an annual revenue growth rate of 30.4%, indicating strong market share in semiconductor manufacturing quality control systems, which is expected to continue driving its stock price upward.
- Strong Growth of Abercrombie & Fitch: Abercrombie & Fitch (ANF) has seen an average same-store sales growth of 10% over the past two years, with a gross margin of 62.8% and an impressive 481% annual earnings per share growth, making its current stock price of $88.23 and a P/E ratio of 8.3 attractive for investors.
- Robust Growth of Popular: Popular (BPOP) has increased its net interest margin by 44.3 basis points over the last two years, leading to a 22.1% annual growth in earnings per share, while its tangible book value per share has grown by 16.9% annually, showcasing a strong balance sheet with a current stock price of $129.98 and a P/B ratio of 1.3.
- High-Quality Stock Recommendations: These companies not only excel in the market but also demonstrate sustained revenue growth and free cash flow, allowing investors to explore more potential stocks through in-depth research reports to seize future investment opportunities.
See More
Copa and Nova Earnings Outlook Next Week
- Earnings Surprises: According to FactSet, nearly 85% of over 420 S&P 500 companies have reported earnings beats, indicating a strong first-quarter earnings season that is likely to positively influence market sentiment.
- Copa Holdings Performance: Copa is set to report earnings next Wednesday, with historical data showing an average stock price increase of 1.9% post-report; Goldman Sachs upgraded its rating from neutral to buy, raising the price target from $138 to $151, implying a potential upside of about 23%.
- Nova Stock Performance: Nova will report earnings on Thursday, with historical data indicating an average stock price increase of 1.6% post-report; the stock has surged 53% this year, already exceeding Barclays' price target of $465, reflecting strong market performance.
- Market Focus on Other Companies: Other companies reporting earnings next week include Yeti, Vonage, and Kornit Digital, which have historically posted surprise beats, potentially further boosting positive market sentiment.
See More
Semiconductor Stocks Retreat Amid Geopolitical Tensions
- Geopolitical Tensions: Semiconductor stocks fell in the afternoon session as geopolitical tensions between the US and China escalated over AI technology, with Nova, Analog Devices, and Qorvo dropping 2.6%, 2.4%, and 2.5% respectively, reflecting market concerns about future uncertainties.
- Chinese Intervention: China ordered Meta to unwind its $2 billion acquisition of AI startup Manus on national security grounds, seen as a direct intervention to limit foreign access to its advanced technology sector, potentially impacting foreign companies' operational strategies.
- Supply Chain Concerns: Ongoing worries about global supply chain disruptions due to the US, Israel, and Iran conflict have led to rising raw material costs, causing investors to be concerned about potential production delays and increased operational costs for technology hardware companies, further exacerbating market anxiety.
- Market Overreaction: Despite the market's strong negative reaction to bad news, Nova's stock has risen 52.9% year-to-date, currently trading at $530.36 per share, close to its 52-week high of $542.95, indicating that there are still buying opportunities for high-quality stocks.
See More
Intel's Strong Earnings Propel Semiconductor Stocks Higher
- Intel's Earnings Boost: Intel's data center business reported a 22% growth, indicating that AI-driven hardware demand is significantly recovering, which has bolstered optimism across the semiconductor sector and enhanced investor confidence.
- Sector-Wide Rally: Following Intel's results, peers like AMD, Qualcomm, and ARM saw their stock prices rise over 10%, reflecting a growing market consensus that the 'AI trade' is expanding beyond Nvidia's specialized chips into the broader silicon ecosystem.
- Forecast Upgrade: Research firm Omdia significantly raised its semiconductor revenue forecast for 2026, anticipating robust growth driven by surging demand for memory and data storage components fueled by artificial intelligence.
- Nova's Stock Volatility: Nova's shares jumped 4.5%, marking a 57.8% increase year-to-date and reaching a new 52-week high, indicating market interest in the company's future prospects despite its high volatility.
See More
Nova Schedules Q1 2026 Financial Results Conference Call
- Earnings Release Schedule: Nova expects to release its Q1 2026 financial results before the Nasdaq opens on May 14, 2026, indicating the company's commitment to transparency and investor communication.
- Conference Call Details: CEO Gaby Waisman and CFO Guy Kizner will host a conference call at 8:30 a.m. Eastern Time on May 14, providing an in-depth analysis of financial results aimed at boosting investor confidence.
- Live Webcast Availability: The conference will be available via a live webcast link on Nova's Investor Relations website, ensuring global investors can access real-time information, reflecting the company's modernization efforts in information dissemination.
- Replay Arrangements: A replay of the conference call will be available from May 14 to May 21, allowing investors to access the information through designated numbers, demonstrating the company's commitment to ongoing communication.
See More
NOVA INFRASTRUCTURE SURPASSES GOAL, SECURING $1.45 BILLION IN TOTAL CAPITAL COMMITMENTS FOR NOVA FUND II
Funding Achievement: Nova Infrastructure has exceeded its target by raising $1.45 billion in aggregate capital commitments for Nova Fund II.
Investment Focus: The raised funds will be directed towards infrastructure investments, aligning with Nova's strategic goals.
See More
Three Potential Stocks to Boost Investment Returns
- Outstanding Performance of Nova: Nova (NVMI) has achieved a remarkable 406% return over the past five years, with an annual revenue growth rate of 30.4%, indicating strong market share in semiconductor manufacturing quality control systems, which is expected to continue driving its stock price upward.
- Strong Growth of Abercrombie & Fitch: Abercrombie & Fitch (ANF) has seen an average same-store sales growth of 10% over the past two years, with a gross margin of 62.8% and an impressive 481% annual earnings per share growth, making its current stock price of $88.23 and a P/E ratio of 8.3 attractive for investors.
- Robust Growth of Popular: Popular (BPOP) has increased its net interest margin by 44.3 basis points over the last two years, leading to a 22.1% annual growth in earnings per share, while its tangible book value per share has grown by 16.9% annually, showcasing a strong balance sheet with a current stock price of $129.98 and a P/B ratio of 1.3.
- High-Quality Stock Recommendations: These companies not only excel in the market but also demonstrate sustained revenue growth and free cash flow, allowing investors to explore more potential stocks through in-depth research reports to seize future investment opportunities.
See More
