JUMP REPORT
| Avg Daily Volume: 1,324,698 Market Cap: 7B Sector: Technology Short Interest: 3.78 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .08/share REV: 157.37/M
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LAST QTR: EPS: .13/share ACTUAL: .11/share (MISS)
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NEXT QTR: EPS: .13/share REV: 168.80/M
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FULL YR: EPS: .60/share REV: 702/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 68% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -2.69, -7.22, -16.25
EXPECTED JUMP MOVE: 8-10%
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
With us are Cognex’s Chairman, Dr. Bob Shillman; President and CEO, Rob Willett; and Chief Financial Officer, Paul Todgham. In addition, Cognex’s Board of Directors increased the quarterly cash dividend to $0.06 a share.
Cognex reports strong results for the third quarter of 2020
Cognex increases quarterly cash dividend
NEW YORK, NY / ACCESSWIRE / October 28, 2020 / Cognex Corp.
Cognex (NASDAQ: CGNX) announces its next round of earnings this Wednesday, October 28. Here is Benzinga's look at Cognex's Q3 earnings report.What Are Earnings, Net Income, And Earnings Per Share? Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.Earnings And Revenue Analysts predict Cognex will report earnings of $0.31 per share on revenue of $213.51 million. Cognex earnings in the same period a year ago was $0.23 per share. Quarterly sales came in at $183.32 million.What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter? Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the “consensus estimates.” A company posting earnings or revenue above or below the consensus estimate is known as an “earnings surprise” and may move the stock by a considerable margin.View more earnings on CGNXIf the company were to report earnings in line when it publishes results Wednesday, quarterly profit would be up 34.78%. Sales would be have grown 16.47% from the same quarter last year. Here is how the Cognex's reported EPS has stacked up against analyst estimates in the past:Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019 EPS Estimate 0.10 0.08 0.14 0.21 EPS Actual 0.18 0.11 0.11 0.23 Revenue Estimate 149.18 M 157.37 M 161.13 M 177.16 M Revenue Actual 169.10 M 167.24 M 169.77 M 183.32 M Stock Performance Over the last 52-week period, shares are up 29.98%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.Do not be surprised to see the stock move on comments made during its conference call. Cognex is scheduled to hold the call at 17:00:00 ET and can be accessed here.See more from Benzinga * Click here for options trades from Benzinga * A Look Into Cognex's Price Over Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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