Cognex Corp expected to post earnings of 8 cents a share - Earnings Preview

Cognex

30/04/2024 19:08

* Cognex Corp  CGNX.OQ   CGNX.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 2 for the
period ending March 31 2024
    * The Natick Massachusetts-based  company is expected to
report a
0.4% decrease in revenue to $200.419 million from $201.12
million a year ago, according to the mean estimate from 14
analysts, based on LSEG data.The company's guidance on February
15 2024, for the period ended March 31, was for revenue between
$190.00 million and $205.00 million.
    * ​LSEG's mean analyst estimate for Cognex Corp is for
earnings of
8 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 11
"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
$46.00​, above​ its last closing price of $41.41. ​​​

The company's guidance on February 15 2024 for the period ended
March 31 was for gross profit margin between USD67% and USD69%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  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. 31 2023  0.09        0.09       0.13      Beat    47.2
 ​​Dec.        0.32        0.32       0.27      Missed  -14.4
 31 2022                                                
 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
 This summary was machine generated April 30 at 18:08 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)