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

Vontier

01/08/2024 15:25

* Vontier Corp  VNT.N  reported quarterly adjusted earnings
of 63
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 67
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 70 cents per share. Wall Street expected
results to range from 69 cents to 72 cents per share.
    * Revenue fell 8.9% to $696.40 million from a year ago;
analysts
expected $745.94 million. 
    * Vontier Corp's reported EPS for the quarter was 45 cents​.
    * The company reported quarterly net income of $70.1
million.
    * Vontier Corp shares had risen by 2.7% this quarter and
gained 13.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$45.32 
This summary was machine generated from LSEG data August 1 at
02:25 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
 Jun. 30 2024      0.70           0.63           Missed
 Mar. 31 2024      0.70           0.74           Beat
 Dec. 31 2023      0.78           0.80           Beat
 Sep. 30 2023      0.68           0.73           Beat