* Cognex Corp is expected to show a fall in quarterly revenue when it reports results on May 2 for the period ending March 31 2024
* The Natick Massachusetts-based company is expected to report a 0.4% decrease in revenue to $200.419 million from $201.12 million a year ago, according to the mean estimate from 14 analysts, based on LSEG data.The company's guidance on February 15 2024, for the period ended March 31, was for revenue between $190.00 million and $205.00 million.
* LSEG's mean analyst estimate for Cognex Corp is for earnings of 8 cents per share.
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy," 11 "hold" and 1 "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in the last three months.
* Wall Street's median 12-month price target for Cognex Corp is $46.00, above its last closing price of $41.41.
The company's guidance on February 15 2024 for the period ended March 31 was for gross profit margin between USD67% and USD69%. Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 0.10 0.10 0.11 Beat 14.3
Sep. 30 2023 0.14 0.14 0.16 Beat 13.1
Jun. 30 2023 0.28 0.28 0.32 Beat 15.2
Mar. 31 2023 0.09 0.09 0.13 Beat 47.2
Dec. 0.32 0.32 0.27 Missed -14.4
31 2022
Sep. 30 2022 0.15 0.14 0.21 Beat 51.7
Jun. 30 2022 0.42 0.41 0.41 Met -1.1
Mar. 31 2022 0.39 0.39 0.42 Beat 9
This summary was machine generated April 30 at 18:08 GMT. 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)
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