Sono-Tek Corporation (SOTK) Q1 Earnings and Revenues Top Estimates

Company Performance - SonoTek reported quarterly earnings of $0.02 per share, exceeding the Zacks Consensus Estimate of $0.01 per share, compared to break-even earnings per share a year ago [7] - The company posted revenues of $5.03 million for the quarter ended May 2024, surpassing the Zacks Consensus Estimate by 2.05%, and showing an increase from $3.6 million in the same quarter last year [2] - Over the last four quarters, SonoTek has surpassed consensus EPS estimates two times [8] Stock Performance - SonoTek shares have declined approximately 27.9% since the beginning of the year, while the S&P 500 has gained 18.1% [3] - The current estimate revisions trend for SonoTek is unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [5] Industry Context - The Electronics - Semiconductors industry, to which SonoTek belongs, is currently ranked in the bottom 34% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [11] - Another company in the same industry, Applied Optoelectronics, is expected to report revenues of $44.12 million, reflecting a 6% increase from the previous year [12]