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

Cognex

31/10/2023 13:32

* Cognex Corp  CGNX.OQ  reported quarterly adjusted earnings
of 16
cents​​ per share for the quarter ended in September. The mean
expectation of fourteen analysts for the quarter was
for earnings of 14 cents per share.
    * Revenue fell 5.9% to $197.24 million from a year ago;
analysts
expected $192.30 million. 
    * Cognex Corp's reported EPS for the quarter was 11 cents​.
    * The mean earnings estimate of analysts had fallen by
about 57.8%
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 17.7% this quarter and
lost 25.8% so far this year.
    * The company reported quarterly net income of $18.92
million.
    * Wall Street's median 12-month price target for Cognex Corp
is
$53.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 13
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 31 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.14           0.16           Beat
 Jun. 30 2023      0.28           0.32           Beat
 Mar. 31 2023      0.09           0.13           Beat
 Dec. 31 2022      0.32           0.27           Missed