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

Sono-Tek

16/01/2024 13:54

* Sono-Tek Corp  SOTK.OQ  reported quarterly adjusted
earnings of
4 cents​​ per share for the quarter ended in November, higher
than the same quarter last year, when the company reported EPS
of 1 cents.  The mean expectation of two analysts for the
quarter was for earnings of 3 cents per share. Wall Street
expected results to range from 2 cents to 3 cents per share.
    * Revenue rose 58.7% to $5.69 million from a year ago;
analysts
expected $5.48 million. 
    * Sono-Tek Corp's reported EPS for the quarter was 4 cents​.
    * The company reported quarterly net income of $690
thousand.
    * Sono-Tek Corp shares had risen by 2.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 25% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 January 16 at
01:54 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
 Nov. 30 2023      0.03           0.04           Beat
 Aug. 31 2023      0.05           0.03           Missed
 May. 31 2023      0.00           0.00           Met
 Feb. 28 2023      0.01           0.00           Missed