Cognex Corporation (CGNX) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. Revenues are expected to be $233.6 million, down 3.7% from the year-ago quarter. Please note that a negative Earnings ESP reading is not indi ...

Investors in Cognex Corporation (CGNX) need to pay close attention to the stock based on moves in the options market lately. That is because the Aug 16, 2024 $20.00 Put had some of the highest implied volatility of all equity options today. Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event c ...

Innovative robotics firms can also capitalize on the great growth. The robotics market is forecasted to grow from $39.71 billion in 2023 to $135.68 billion by 2031, representing a CAGR of 16.60% over this time frame. UiPath (PATH) Recently, it was reported that UiPath would lay off one in 10 workers to cut operational costs. According to a company filing, the move is expected to result in $17 to $25 million in restructuring costs over the next seven quarters. Either way, the short-term volatility caused by ...

NATICK, Mass., July 12, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) will release earnings for the second quarter of 2024 on Wednesday, July 31, 2024, after market close. About Cognex Access to the conference call, and a replay which will be available following the call, may be found on the Cognex Investor Relations website at https://www.cognex.com/investor. The telephone number for the live call is (877) 704-4573 or (201) 389-0911 if outside the United States. SOURCE Cognex Corporation Cognex Co ...

Core View - Cognex has faced significant challenges due to weak capex cycles across major markets, leading to revenue declines and underperformance compared to the broader industrial sector [1] - The company's valuation remains uncertain, with a potential fair value in the $50s contingent on a strong rebound, low double-digit long-term revenue growth, and margin recovery [1] - Despite near-term risks, automation and machine vision are seen as key enabling technologies with long-term growth potential, particularly in logistics and manufacturing [5][11] Market Performance - Revenue has declined meaningfully, with markets representing two-thirds of revenue down year-over-year in the high teens, driven by a sharp drop in consumer electronics [2] - Auto sector remains weak, with disappointing electric vehicle sales leading to capex cutbacks, while traditional powertrain capex has not seen offsetting increases [2][8] - Logistics sector has also struggled, with warehouse construction starts down 40% in 2023 and continuing to fall in 2024, though specific strategic projects have driven some growth [8] Financial Outlook - Street expectations for Cognex's 2024 EBITDA have dropped by more than 50% over the past two years, reflecting significant operating leverage [4] - Revenue growth is expected to reaccelerate in the second half of the year, with long-term revenue growth projected at around 13% to 14% from 2023 levels [4] - EBITDA margins are expected to recover to the high-20%'s/low-30%'s by 2025/2026, with FCF margins heading toward the high-20%'s over the long term [4] New Market Opportunities - Cognex is focusing on expanding its salesforce and product portfolio, including AI-enabled 3D vision systems, to reach new and under-penetrated customers [11] - The company's Emerging Customer Initiative aims to find new opportunities in manufacturing sub-sectors, leveraging reshoring activity and skilled labor shortages [11] - Long-term opportunities exist in robotics, particularly with the adoption of cobots, which are still in early stages in most industries [11] Sector-Specific Challenges - Consumer electronics remains a tough market with no clear near-term rebound drivers, such as smartphone volumes or OLED TVs [8] - Medical market exposure has slowed, with biopharma companies cutting back on capex, and consumer packaging is digesting post-pandemic capex [8] - Semiconductors present a bright spot, with fab construction in good shape, though this market has historically not exceeded 10% of revenue [8] Valuation - Using margin, return, and growth-driven EV/EBITDA models, a fair value for Cognex is estimated in the high-$40's, including a blended 21x EBITDA on FY'26 EBITDA [12]

Given the surge in labor costs since the pandemic, companies are willing to spend heavily on labor-saving solutions. It's not just warehouses, either. With the reshoring phenomenon and renewed interest in North American manufacturing, a new wave of smart factories will utilize Columbus McKinnon's automation solutions for industrial purposes as well. Procept gained Food and Drug Administration clearance to launch the AquaBeam in 2017. Business has scaled up quickly, with revenues soaring from $6 million in 2 ...

An analyst upgrade highlights the case for investing in this exciting growth company. Machine vision company Cognex (CGNX -0.08%) recently received an analyst rating upgrade from hold to buy from HSBC. In addition, the price target was raised from $40 to $52. There's no doubt Cognex's fortunes are improving (the company returned to revenue growth in its last quarter). But is it enough to follow HSBC's lead and take a bullish opinion on the stock? As the HSBC analyst notes, the semiconductor and logistics ma ...

Cognex Corporation (NASDAQ:CGNX) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Robert Willett - President, Chief Executive Officer Nathan McCurren - Head of Investor Relations Conference Call Participants Damian Karas - UBS Rob Mason - Robert W. Baird Michael - Cowen Jacob Levinson - Melius Research Tommy Moll - Stephens Inc. Andrew Buscaglia - BNP Paribas Piyush Avasthy - Citi Jairam Nathan - Daiwa Capital Markets Operator Greetings. Welcome to the Cognex first quarter 2024 e ...

Cognex Corporation (CGNX) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 37.50%. A quarter ago, it was expected that this company would post earnings of $0.11 per share when it actually produced earnings of $0.11, delivering no surprise.Over the last four quarters, the company has su ...

2 PART I: FINANCIAL INFORMATION ITEM 1: FINANCIAL STATEMENTS COGNEX CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------|-------|-------------------------------------------------|-------------------|-------------------------| | Revenue | $ | Three-months Ended \nMarch 31, 2024 \n210,797 | (unaudited) \n $ | April 2, 2023 \n201,124 | | Cost of revenue | | ...