Novan Earnings Estimate

NOVN
 Stock
  

USD 2.36  0.07  3.06%   

Many public companies, such as Novan, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Novan's earnings estimates, investors can diagnose different trends across Novan's analyst sentiment over time as well as compare current estimates against different timeframes.
Novan is projected to generate -1.74 in earnings per share on the 31st of December 2021. Novan earnings estimates module stress-tests analyst consensus about projected Novan Inc EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Additionally, see Stocks Correlation.
  
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The value of Gross Profit is estimated to slide to about 5.1 M

Novan Earnings Estimation Breakdown

Calculation of earning per share of Novan Inc is based on official Zacks consensus of 3 analysts regarding Novan future annual earnings. Given the historical accuracy of 84.38%, the future earnings per share of Novan is estimated to be -1.74 with the lowest and highest values of -1.77 and -1.69, respectively. Please note that this consensus of annual earnings estimates for Novan Inc is an estimate of EPS before non-recurring items and including employee stock options expenses
  Current EPS -1.76
-1.77
Lowest
Expected EPS -1.74
-1.69
Highest

Novan Earnings Projection Consensus

Suppose the current estimates of Novan's value are higher than the current market price of the Novan stock. In this case, investors may conclude that Novan is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Novan's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyCurrent EPSEPS Estimate for 31st of December 2021

3

84.38%

-1.762

-1.74

Novan Earnings per Share Projection vs Actual

Actual Earning per Share of Novan refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Novan Inc predict the company's earnings will be in the future. The higher the earnings per share of Novan, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Novan Estimated Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Novan, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Novan should always be considered in relation to other companies to make a more educated investment decision.

About Novan Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Novan earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Novan estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Novan fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2022
Accumulated Retained Earnings Deficit-224.3 M-242.1 M
Earning Before Interest and Taxes EBIT-26.4 M-28.4 M
Earnings per Basic Share(1.74) (1.88) 
Earnings per Diluted Share(1.74) (1.88) 
Price to Earnings Ratio(2.44) (2.63) 
Earnings Before Interest Taxes and Depreciation Amortization EBITDA-29.4 M-31.7 M
Earnings before Tax-26.4 M-28.4 M
Novan, Inc., a pre-commercial nitric oxide-based pharmaceutical company, focuses on dermatology and anti-infective therapies. Novan, Inc. was incorporated in 2006 and is headquartered in Durham, North Carolina. Novan operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 29 people.

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Additionally, see Stocks Correlation. Note that the Novan Inc information on this page should be used as a complementary analysis to other Novan's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Money Managers module to screen money managers from public funds and ETFs managed around the world.

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Is Novan's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Novan. If investors know Novan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Novan listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.61
Market Capitalization
50.2 M
Quarterly Revenue Growth YOY
1.35
Return On Assets
-0.24
Return On Equity
-10.14
The market value of Novan Inc is measured differently than its book value, which is the value of Novan that is recorded on the company's balance sheet. Investors also form their own opinion of Novan's value that differs from its market value or its book value, called intrinsic value, which is Novan's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Novan's market value can be influenced by many factors that don't directly affect Novan's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Novan's value and its price as these two are different measures arrived at by different means. Investors typically determine Novan value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Novan's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.