Cognex Corp expected to post earnings of 28  cents a share - Earnings Preview

Cognex

01/08/2023 19:31

* Cognex Corp  CGNX.OQ   CGNX.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 3. 
    * The Natick Massachusetts-based  company is expected to
report  a
13.4% decrease in revenue to $237.761 million from $274.63
million a year ago, according to the mean estimate from 13
analysts, based on Refinitiv data. The company's guidance on May
4 2023, for the period ended June 30, was for revenue between
$225.00 million and $245.00 million.
    * ​Refinitiv's mean analyst estimate for Cognex Corp is for
earnings of 28 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 11
"hold" and 3 "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
$56​, above​ its last closing price of $54.62. ​​​

The company's guidance on May 4 2023 for the period ended June
30 was for gross profit margin between USD70.4% and USD70.6%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.09        0.09       0.13      Beat    47.2
 Dec. 31 2023  0.32        0.32       0.27      Missed  -14.4
 Sep. 30 2022  0.15        0.14       0.21      Beat    51.7​
 Jun. 30 2022  0.42        0.41       0.41      Met     -1.1
 ​​Mar.        0.39        0.39       0.42      Beat    9
 31 2022                                                
 Dec. 31 2021  0.22        0.22       0.30      Beat    34.5​
 Sep. 30 2021  0.46        0.46       0.40      Missed  -12.6
 Jun. 30 2021  0.42        0.42       0.43      Beat    1.9
 This summary was machine generated August 1 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated