Cognex Corp reports results for the quarter ended in September 30 - Earnings Summary

Cognex

31/10/2024 03:00

* Cognex Corp  CGNX.OQ  reported quarterly adjusted earnings
of 20
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 16 cents.  The mean expectation of seventeen analysts for the
quarter was for earnings of 19 cents per share. Wall Street
expected results to range from 16 cents to 20 cents per share.
    * Revenue rose 19% to $234.74 million from a year ago;
analysts
expected $233.03 million. 
    * Cognex Corp's reported EPS for the quarter was 17 cents​.
    * The company reported quarterly net income of $29.59
million.
    * Cognex Corp shares had risen by 0.2% this quarter and
lost 2.7%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for Cognex Corp is
48.50 
This summary was machine generated from LSEG data October 31 at
03:00 a.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
 Sep. 30 2024      0.19           0.20           Beat
 Jun. 30 2024      0.21           0.23           Beat
 Mar. 31 2024      0.08           0.11           Beat
 Dec. 31 2023      0.10           0.11           Beat