Sono-Tek Corp reports results for the quarter ended February 28 - Earnings Summary

• Sono-Tek Corp SOTK.OQ reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended February 28, higher than the same quarter last year, when the company reported EPS of 1 cents. The mean expectation of two analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from 1 cents to 2 cents per share.

• Revenue rose 7.4% to $5.12 million from a year ago; analysts expected $5.10 million.

• Sono-Tek Corp's reported EPS for the quarter was 2 cents​.

• The company reported quarterly net income of $327 thousand.

• Sono-Tek Corp shares had risen by 6.0% this quarter and lost 3.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 2 "strong buy" or "buy," no "hold" and no "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 Sono-Tek Corp is $8.25

This summary was machine generated from LSEG data May 28 at 01:31 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)