Cognex Corp reports results for the quarter ended March 31 - Earnings Summary

• Cognex Corp CGNX.OQ reported quarterly adjusted earnings of 16 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 11 cents. The mean expectation of eighteen analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from 11 cents to 16 cents per share.

• Revenue rose 2.5% to $216.04 million from a year ago; analysts expected $212.97 million.

• Cognex Corp's reported EPS for the quarter was 14 cents​.

• The company reported quarterly net income of $23.6 million.

• Cognex Corp shares had fallen by 10.2% this quarter and lost 25.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.7% 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 12 "strong buy" or "buy," 10 "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 $35.00

This summary was machine generated from LSEG data April 30 at 10:30 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)