Cognex Corporation reports results for the quarter ended September 30 - Earnings Summary

• Cognex Corporation reported quarterly adjusted earnings of 53 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of eighteen analysts for the quarter was for earnings of 52 cents per share. Wall Street expected results to range from 50 cents to 54 cents per share.

• Revenue rose 13.2% to $313.39 million from a year ago; analysts expected $313.32 million.

• Cognex Corporation's reported EPS for the quarter was 50 cents​.

• The company reported quarterly net income of $84.82 million.

• Cognex Corporation shares had fallen by 4.2% this quarter and gained 61.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 13.4% 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 15 "strong buy" or "buy," 7 "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 Cognex Corporation is $80.00, about 33.7% above its last closing price of $53.06

This summary was machine generated from LSEG data November 5 at 02:40 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)