Cognex Corp reports results for the quarter ended June 30 - Earnings Summary

• Cognex Corp CGNX reported quarterly adjusted earnings of 25 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 23 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 24 cents per share. Wall Street expected results to range from 20 cents to 25 cents per share.

• Revenue rose 4.1% to $249.09 million from a year ago; analysts expected $246.14 million.

• Cognex Corp's reported EPS for the quarter was 24 cents​.

• The company reported quarterly net income of $40.51 million.

• Cognex Corp shares had risen by 8.0% this quarter and lost 4.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.8% 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 12 "strong buy" or "buy," 7 "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 $37.00, about 8.8% above its last closing price of $33.76

This summary was machine generated from LSEG data July 30 at 10:26 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)