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

Sono-Tek

11/07/2024 15:22

* Sono-Tek Corp  SOTK.OQ  reported quarterly adjusted
earnings of
2 cents​​ per share for the quarter ended in May, 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. 
    * Revenue rose 39.6% to $5.03 million from a year ago;
analysts
expected $4.81 million. 
    * Sono-Tek Corp's reported EPS for the quarter was 2 cents​.
    * The company reported quarterly net income of $330.84
thousand.
    * Sono-Tek Corp shares had risen by 0.8% this quarter and
lost 27.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 60%
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 July 11 at
02:22 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
 May. 31 2024      0.01           0.02           Beat
 Feb. 29 2024      0.01           0.01           Met
 Nov. 30 2023      0.03           0.04           Beat
 Aug. 31 2023      0.05           0.03           Missed