Cognex Corp expected to post earnings of 14  cents a share - Earnings Preview

Cognex

27/10/2023 19:36

* Cognex Corp  CGNX.OQ   CGNX.O  is expected to show a fall
in
quarterly revenue when it reports  results 
    * The Natick Massachusetts-based  company is expected to
report  a
8.3% decrease in revenue to $192.296 million from $209.62
million a year ago, according to the mean estimate from 12
analysts, based on Refinitiv data. The company's guidance on
August 3 2023, for the period ended September 30, was for
revenue between $180.00 million and $200.00 million.
    * ​Refinitiv's mean analyst estimate for Cognex Corp is for
earnings of 14 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 13
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Cognex Corp
is
$53.5​, above​ its last closing price of $34.66. ​​​

The company's guidance on August 3 2023 for the period ended
September 30 was for gross profit margin between USD71% and
USD73%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.28        0.28       0.32      Beat    15.2
 Mar. 31 2023  0.09        0.09       0.13      Beat    47.2
 Dec. 31 2022  0.32        0.32       0.27      Missed  -14.4​
 Sep. 30 2022  0.15        0.14       0.21      Beat    51.7
 ​​Jun.        0.42        0.41       0.41      Met     -1.1
 30 2022                                                
 Mar. 31 2022  0.39        0.39       0.42      Beat    9​
 Dec. 31 2021  0.22        0.22       0.30      Beat    34.5
 Sep. 30 2021  0.46        0.46       0.40      Missed  -12.6
 This summary was machine generated October 27 at 18:35 GMT.  All
figures in US dollars  unless otherwise stated