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

Cognex

03/08/2023 14:33

* Cognex Corp  CGNX.OQ  reported quarterly adjusted earnings
of 32
cents​​ per share for the quarter ended in June. The mean
expectation of fourteen analysts for the quarter was
for earnings of 28 cents per share.
    * Revenue fell 11.7% to $242.51 million from a year ago;
analysts
expected $237.76 million. 
    * Cognex Corp's reported EPS for the quarter was 33 cents​.
    * The mean earnings estimate of analysts had risen by
about 8.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Cognex Corp shares had fallen by 8.9% this quarter and
gained 8.3% so far this year.
    * The company reported quarterly net income of $57.47
million.
    * Wall Street's median 12-month price target for Cognex Corp
is
$56.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.28           0.32           Beat
 Mar. 31 2023      0.09           0.13           Beat
 Dec. 31 2022      0.32           0.27           Missed
 Sep. 30 2022      0.14           0.21           Beat