* Cognex Corp reported quarterly adjusted earnings of 20 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 16 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 19 cents per share. Wall Street expected results to range from 16 cents to 20 cents per share.
* Revenue rose 19% to $234.74 million from a year ago; analysts expected $233.03 million.
* Cognex Corp's reported EPS for the quarter was 17 cents.
* The company reported quarterly net income of $29.59 million.
* Cognex Corp shares had risen by 0.2% this quarter and lost 2.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 12% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 8 "hold" and 1 "sell" or "strong sell."
* The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"
Wall Street's median 12-month price target for Cognex Corp is 48.50 This summary was machine generated from LSEG data October 31 at 03:00 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 0.19 0.20 Beat
Jun. 30 2024 0.21 0.23 Beat
Mar. 31 2024 0.08 0.11 Beat
Dec. 31 2023 0.10 0.11 Beat
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