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

Vontier

02/05/2024 18:25

* Vontier Corp  VNT.N  reported quarterly adjusted earnings
of 74
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 68
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 70 cents per share. Wall Street expected
results to range from 68 cents to 72 cents per share.
    * Revenue fell 2.7% to $755.80 million from a year ago;
analysts
expected $753.90 million. 
    * Vontier Corp's reported EPS for the quarter was 88 cents​.
    * The company reported quarterly net income of $136.8
million.
    * Vontier Corp shares had fallen by 10.4% this quarter and
gained 17.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.9%
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 5 "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
$47.00 
This summary was machine generated from LSEG data May 2 at 05:24
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
 Mar. 31 2024      0.70           0.74           Beat
 Dec. 31 2023      0.78           0.80           Beat
 Sep. 30 2023      0.68           0.73           Beat
 Jun. 30 2023      0.65           0.67           Beat