Electronic equipment provider Vontier (NYSE:VNT) will be reporting results this Thursday before the bell. Here’s what to look for.
Vontier beat analysts’ revenue expectations last quarter, reporting revenues of $808.5 million, up 4.1% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ organic revenue estimates and a solid beat of analysts’ revenue 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 be flat year on year, improving from the 1.9% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Vontier rarely misses Wall Street’s revenue estimates.
Looking at Vontier’s peers in the internet of things segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Rockwell Automation delivered year-on-year revenue growth of 11.9%, beating analysts’ expectations by 3.8%, and AMETEK reported revenues up 11.3%, topping estimates by 0.6%. AMETEK traded up 1.1% following the results.
Read our full analysis of Rockwell Automation’s results here and AMETEK’s results here.
There has been positive sentiment among investors in the internet of things segment, with share prices up 9.9% on average over the last month. Vontier is down 1.5% during the same time and is heading into earnings with an average analyst price target of $47.91 (compared to the current share price of $34.93).
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