Sono-Tek Corp expected to post earnings of 5  cents a share - Earnings Preview

Sono-Tek

10/10/2023 13:32

* Sono-Tek Corp  SOTK.OQ   SOTK.O  is expected to show a
rise in
quarterly revenue when it reports  results 
    * The Milton New York-based  company is expected to report 
a
49.3% increase in revenue to $5.618 million from $3.76 million a
year ago, according to the mean estimate from 2 analysts, based
on Refinitiv data. The company's guidance on August 24 2023, for
the period ended August 31, was for revenue between $5.27
million and $5.46 million.
    * ​Refinitiv's mean analyst estimate for Sono-Tek Corp is
for
earnings of 5 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "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 Sono-Tek
Corp is
$9.75​, above​ its last closing price of $5.38. ​​​

This summary was machine generated October 10 at 12:32 GMT.  All
figures in US dollars  unless otherwise stated