Vontier Corp reports results for the quarter ended in January 1 - Earnings Summary

Vontier

01/11/2024 03:50

* Vontier Corp  VNT.N  reported quarterly adjusted earnings
of 73
cents​​ per share for the quarter ended January 1, identical to
the same quarter last year.  The mean expectation of
eight analysts for the quarter was for earnings of 69 cents per
share. Wall Street expected results to range from 68 cents to 71
cents per share.
    * Revenue fell 2% to $750.00 million from a year ago;
analysts
expected $728.34 million. 
    * Vontier Corp's reported EPS for the quarter was 60 cents​.
    * The company reported quarterly net income of $91.8
million.
    * Vontier Corp shares had risen by 1.0% this quarter and
lost 1.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"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 November 1 at
03:49 a.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
 Sep. 30 2024      0.69           0.73           Beat
 Jun. 30 2024      0.70           0.63           Missed
 Mar. 31 2024      0.70           0.74           Beat
 Dec. 31 2023      0.78           0.80           Beat