NVMI Stock Forecast : An Innovative Model Supporting a Promising Future
This NVMI Stock Forecast article was written by Eva Zagury, a Financial analyst at I Know First.
Summary
- Inspite of a 10% decrease for the first quarter of 2019, NVMI stock forecast topped consensus revenue estimates showing a surprise of 27.59%.
- Growing diversification in revenue mix, customer base and technology, as well as an massive R&D investment represent the two main ingredients for Nova's short-term earning surprise.
- The market high volatility makes short-term visibility hard. Magnitude and direction of estimate revisions could change following the next earnings report scheduled for next month.
- Still, Nova Measuring Instrument is well positioned to benefit from a long-term growth, given it widened exposure to multiple segments, customers geographies and attractive differentiated portfolio.
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