Electronic equipment provider Vontier (NYSE: VNT) will be reporting results this Thursday before market open. Here’s what you need to know.
Vontier beat analysts’ revenue expectations last quarter, reporting revenues of $756.7 million, down 2.2% year on year. It was a strong quarter for the company, with full-year EPS guidance exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates.
Is Vontier a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Vontier’s revenue to decline 3.2% year on year, a deceleration from its flat revenue in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Vontier has a history of exceeding Wall Street’s expectations.
Looking at Vontier’s peers in the electrical equipment segment, some have already reported their Q3 results, giving us a hint as to what we can expect. AMETEK delivered year-on-year revenue growth of 17.3%, beating analysts’ expectations by 2.5%, and Bloom Energy reported revenues up 138%, topping estimates by 14.6%. Bloom Energy traded down 11.2% following the results.
Read our full analysis of AMETEK’s results here and Bloom Energy’s results here.
Investors in the electrical equipment segment have had steady hands going into earnings, with share prices flat over the last month. Vontier is up 15.1% during the same time and is heading into earnings with an average analyst price target of $40.85 (compared to the current share price of $36.71).
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