Electronic equipment provider Vontier (NYSE: VNT) will be reporting earnings this Thursday before the bell. Here’s what to look for.
Vontier beat analysts’ revenue expectations last quarter, reporting revenues of $750.6 million, up 1.3% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ organic revenue estimates but revenue guidance for next quarter missing analysts’ expectations.
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 3.4% year on year, a reversal from the 11.1% increase it recorded 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 rarely misses Wall Street’s revenue estimates.
Looking at Vontier’s peers in the internet of things segment, some have already reported their Q2 results, giving us a hint as to what we can expect. AMETEK delivered year-on-year revenue growth of 15%, beating analysts’ expectations by 4.4%, and Rockwell Automation reported revenues up 7.9%, topping estimates by 2.8%.
Read our full analysis of AMETEK’s results here and Rockwell Automation’s results here.
Investors in the internet of things segment have had steady hands going into earnings, with share prices flat over the last month. Vontier is up 15.8% during the same time and is heading into earnings with an average analyst price target of $39.70 (compared to the current share price of $33.66).
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