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

Vontier

02/11/2023 13:32

* Vontier Corp  VNT.N  reported quarterly adjusted earnings
of 73
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 86
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 68 cents per share. Wall Street expected
results to range from 67 cents to 69 cents per share.
    * Revenue fell 2.9% to $765.40 million from a year ago;
analysts
expected $752.65 million. 
    * Vontier Corp's reported EPS for the quarter was 58 cents​.
    * The company reported quarterly net income of $90.6
million.
    * Vontier Corp shares had fallen by 4.1% this quarter and
gained 53.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.3%
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 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
$34.00 
This summary was machine generated from LSEG data November 2 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.68           0.73           Beat
 Jun. 30 2023      0.65           0.67           Beat
 Mar. 31 2023      0.61           0.68           Beat
 Dec. 31 2022      0.78           0.81           Beat