Vontier Corp reports results for the quarter ended in December - Earnings Summary

Vontier

15/02/2024 14:33

* Vontier Corp  VNT.N  reported quarterly adjusted earnings
of 80
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 81
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 78 cents per share. Wall Street expected
results to range from 77 cents to 80 cents per share.
    * Revenue fell 9.5% to $789.00 million from a year ago;
analysts
expected $780.30 million. 
    * Vontier Corp's reported EPS for the quarter was 68 cents​.
    * The company reported quarterly net income of $106.2
million.
    * Vontier Corp shares had risen by 5.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.3%
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 6 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Vontier Corp is
$40.00 
This summary was machine generated from LSEG data February 15 at
02:32 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
 Dec. 31 2023      0.78           0.80           Beat
 Sep. 30 2023      0.68           0.73           Beat
 Jun. 30 2023      0.65           0.67           Beat
 Mar. 31 2023      0.61           0.68           Beat