Sono-Tek Corp reports results for the quarter ended in February - Earnings Summary

Sono-Tek

23/05/2024 21:05

* Sono-Tek Corp  SOTK.OQ  reported quarterly adjusted
earnings of
1 cent​​ per share for the quarter ended in February, higher
than the same quarter last year, when the company reported
breakeven earnings per share.  The mean expectation of
two analysts for the quarter was for earnings of one cent per
share. Wall Street expected results to range from zero cents
to 1 cents per share.
    * Revenue rose 30.4% to $4.77 million from a year ago;
analysts
expected $4.77 million. 
    * Sono-Tek Corp's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $156.62
thousand.
    * Sono-Tek Corp shares had fallen by 1.8% this quarter and
lost 11.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 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
$9.88 
This summary was machine generated from LSEG data May 23 at
08:05 p.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
 Feb. 29 2024      0.01           0.01           Met
 Nov. 30 2023      0.03           0.04           Beat
 Aug. 31 2023      0.05           0.03           Missed
 May. 31 2023      0.00           0.00           Met