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

Cognex

04/05/2023 14:33

* Cognex Corp  CGNX.OQ  reported quarterly adjusted earnings
of 13
cents​​ per share for the quarter ended in March. The mean
expectation of thirteen analysts for the quarter was
for earnings of 9 cents per share.
    * Revenue fell 28.8% to $201.12 million from a year ago;
analysts
expected $192.01 million. 
    * Cognex Corp's reported EPS for the quarter was 15 cents​.
    * The mean earnings estimate of analysts had fallen by
about 72.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Cognex Corp shares had fallen by 4.4% this quarter and
gained 0.5% so far this year.
    * The company reported quarterly net income of $25.62
million.
    * Wall Street's median 12-month price target for Cognex Corp
is
$49.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
4 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.09           0.13           Beat
 Dec. 31 2022      0.32           0.27           Missed
 Sep. 30 2022      0.14           0.21           Beat
 Jun. 30 2022      0.41           0.41           Met