Cognex Corp reports results for the quarter ended in December - Earnings Summary

Cognex

15/02/2024 14:33

* Cognex Corp  CGNX.OQ  reported quarterly adjusted earnings
of 11
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 27
cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 10 cents per share. Wall Street
expected results to range from 8 cents to 11 cents per share.
    * Revenue fell 17.9% to $196.67 million from a year ago;
analysts
expected $188.59 million. 
    * Cognex Corp's reported EPS for the quarter was 7 cents​.
    * The company reported quarterly net income of $19.01
million.
    * Cognex Corp shares had fallen by 13.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 12
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Cognex Corp
is
$42.00 

This summary was machine generated from LSEG data February 15 at
02:32 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.10           0.11           Beat
 Sep. 30 2023      0.14           0.16           Beat
 Jun. 30 2023      0.28           0.32           Beat
 Mar. 31 2023      0.09           0.13           Beat