Cognex Corp expected to post earnings of 21 cents a share - Earnings Preview

Cognex

29/07/2024 21:54

* Cognex Corp  CGNX.OQ   CGNX.O  is expected to show a fall
in
quarterly revenue when it reports  results on July 31 for the
period ending June 30 2024
    * The Natick Massachusetts-based  company is expected to
report a
0.9% decrease in revenue to $240.393 million from $242.51
million a year ago, according to the mean estimate from 15
analysts, based on LSEG data.The company's guidance on May 2
2024, for the period ended June 30, was for revenue between
$230.00 million and $245.00 million.
    * ​LSEG's mean analyst estimate for Cognex Corp is for
earnings of
21 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 10
"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
$52.00​, above​ its last closing price of $49.68. ​​​

The company's guidance on May 2 2024 for the period ended June
30 was for gross profit margin of USD70%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.08        0.08       0.11      Beat    44.6
 Dec. 31 2024  0.10        0.10       0.11      Beat    14.3
 Sep. 30 2023  0.14        0.14       0.16      Beat    13.1​
 Jun. 30 2023  0.28        0.28       0.32      Beat    15.2
 ​​Mar.        0.09        0.09       0.13      Beat    47.2
 31 2023                                                
 Dec. 31 2022  0.32        0.32       0.27      Missed  -14.4​
 Sep. 30 2022  0.15        0.14       0.21      Beat    51.7
 Jan. 1 0001   0.42        0.41       0.41      Met     -1.1
 This summary was machine generated July 29 at 20:54 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)