Movement Alert|Cognex Rises 5.15% in Regular Trading, Sector Rebounds Ahead of Q2 Earnings with Strong Growth Expectations

Market Focus
Jul 30

On July 30, Cognex rose 5.15% in regular trading, trading at $61.8/share, with turnover of $19.14 million. The stock rebounded sharply amid a broad sector recovery and ahead of its Q2 earnings report scheduled for August 5 after market close.

Market consensus expects Q2 revenue of $293 million, representing 18.84% year-over-year growth, with adjusted EPS of $0.43, a 79.63% increase. EBIT is forecast at $78 million, up 76.17% year-over-year. Institutions are generally bullish ahead of the release. In the prior quarter, Cognex reported revenue of $268 million with a gross margin of 71.13% and adjusted EPS of $0.34, up 112.50% year-over-year.

Within the Electronic Equipment & Instruments sector, stocks broadly rebounded. Among individual stocks, Ouster up 10.61%, Advanced Energy up 9.29%, Keysight Technologies up 5.16%, Zebra up 0.27%, Ralliant Corporation down 0.87%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10