Cognex Corp expected to post earnings of 32cents a share - Earnings Preview

Cognex

14/02/2023 23:39

* Cognex Corp  CGNX.OQ   CGNX.O  is expected to show a rise
in
quarterly revenue when it reports  results on February 16. 
    * The Natick Massachusetts-based  company is expected to
report  a
0.7% increase in revenue to $245.724 million from $244.07
million a year ago, according to the mean estimate from 11
analysts, based on Refinitiv data. The company's guidance on
November 3 2022, for the period ended December 31, was for
revenue between $235.00 million and $255.00 million.
    * ​Refinitiv's mean analyst estimate for Cognex Corp is for
earnings of 32 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 8
"hold" and 5 "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
$50​, below​ its last closing price of $55.33. ​​​

The company's guidance on November 3 2022 for the period ended
December 31 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  
 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. 31 2022  0.39        0.39       0.42      Beat    9​
 Dec. 31 2021  0.22        0.22       0.30      Beat    34.5
 ​​Sep.        0.46        0.46       0.40      Missed  -12.6
 30 2021                                                
 Jun. 30 2021  0.42        0.42       0.43      Beat    1.9​
 Mar. 31 2021  0.36        0.35       0.36      Beat    2
 Dec. 31 2020  0.28        0.28       0.32      Beat    15.3
 This summary was machine generated February 14 at 23:39 GMT. 
All figures in US dollars  unless otherwise stated