Cognex Corp expected to post earnings of 9  cents a share - Earnings Preview

Cognex

02/05/2023 19:35

* Cognex Corp  CGNX.OQ   CGNX.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 4. 
    * The Natick Massachusetts-based  company is expected to
report  a
32.0% decrease in revenue to $192.007 million from $282.41
million a year ago, according to the mean estimate from 11
analysts, based on Refinitiv data. The company's guidance on
February 16 2023, for the period ended March 31, was for revenue
between $180.00 million and $200.00 million.
    * ​Refinitiv's mean analyst estimate for Cognex Corp is for
earnings of 9 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 9
"hold" and 4 "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
$49.5​, above​ its last closing price of $48.28. ​​​

The company's guidance on February 16 2023 for the period ended
March 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  
 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. 30 2022  0.42        0.41       0.41      Met     -1.1​
 Mar. 31 2022  0.39        0.39       0.42      Beat    9
 ​​Dec.        0.22        0.22       0.30      Beat    34.5
 31 2021                                                
 Sep. 30 2021  0.46        0.46       0.40      Missed  -12.6​
 Jun. 30 2021  0.42        0.42       0.43      Beat    1.9
 Mar. 31 2021  0.36        0.35       0.36      Beat    2
 This summary was machine generated May 2 at 18:34 GMT.  All
figures in US dollars  unless otherwise stated