Cognex Earnings: Here’s Why Investors are Not Excited Now

Cognex Corp. (NASDAQ:CGNX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Cognex Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 2.44% to $0.4 in the quarter versus EPS of $0.44 in the year-earlier quarter.

Revenue: Decreased 2.23% to $82.17 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cognex Corp. reported adjusted EPS income of $0.4 per share. By that measure, the company beat the mean analyst estimate of $0.35. It beat the average revenue estimate of $79.61 million.

Quoting Management: “We executed well in 2012,” said Robert J. Willett, Chief Executive Officer of Cognex. “We brought outstanding products to market and strengthened our position in fast-growing markets for machine vision. We also made significant progress in new product development and have an exciting schedule of product launches lined up. We believe that these achievements combined with better than expected results for the fourth quarter of 2012 give us good forward momentum heading into 2013.”

Key Stats (on next page)…

Revenue increased 2.61% from $80.08 million in the previous quarter. EPS decreased 2.44% from $0.41 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.33 and has not changed. For the current year, the average estimate is a profit of $1.54, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)