Vontier Corp reports results for the quarter ended in January 1 - Earnings Summary

Reuters
2024-11-01

* Vontier Corp reported quarterly adjusted earnings of 73 cents​​ per share for the quarter ended January 1, identical to the same quarter last year. The mean expectation of eight analysts for the quarter was for earnings of 69 cents per share. Wall Street expected results to range from 68 cents to 71 cents per share.

* Revenue fell 2% to $750.00 million from a year ago; analysts expected $728.34 million.

* Vontier Corp's reported EPS for the quarter was 60 cents​.

* The company reported quarterly net income of $91.8 million.

* Vontier Corp shares had risen by 1.0% this quarter and lost 1.4% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 3.1% in the last three months.​

* In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Vontier Corp is $40.00 This summary was machine generated from LSEG data November 1 at 03:49 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 0.69 0.73 Beat

Jun. 30 2024 0.70 0.63 Missed

Mar. 31 2024 0.70 0.74 Beat

Dec. 31 2023 0.78 0.80 Beat

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