Cognex Corporation (CGNX) : Earnings Preview

Cognex Corp. (CGNX) is set to announce its 2Q/15 earnings after the market close on Monday, August 3. Analysts expect the company to report earnings per share of $0.49 and revenue of $140.17 million. That would be 24c higher the $0.23 per share posted last quarter and 18c higher the $0.29 posted in the 2Q/14. Revenue is projected to be $31.37 million higher than the $108.8 million posted in the same period a year earlier.

Stock action: Shares of Cognex ended this week at $45.27. On valuation measures, shares of the manufacturer of machine vision systems are priced at 32.78x this year’s forecasted earnings. The company’s current year and next year EPS growth estimates stand at 11.80% and 13.80% compared to the industry growth rates of 47.80% and 33.50%, respectively. CGNX has a t-12 price-to-sales ratio of 7.81. EPS for the same period registers at $1.38.

Cognex shares have declined 4.71% in the last 4 weeks and 1.30% in the past three months. Over the past 5 trading sessions the stock has gained 0.58%.

The Natick, Massachusetts-based company, which is currently valued at $3.94 billion, has a median Wall Street price target of $58.00 with a high target of $60. Cognex Corp. is up 10.62% year-over-year, compared with a 8.50% gain in the S&P 500.

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