CGNX Earnings Prediction
The chart below shows how CGNX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CGNX sees a +0.39% change in stock price 10 days leading up to the earnings, and a -2.20% change 10 days following the report. On the earnings day itself, the stock moves by +2.00%. This data can give you a slight idea of what to expect for the next quarter's release.
CGNX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
234.74M
19.01%
--
Gross Margin
67.90%
-6.20%
--
Operating Margin
13.45%
-4.88%
--
Net Margin
12.61%
31.49%
--
EPS
0.17
54.55%
--
No Data Available
CGNX Earnings Analysis
Cognex Corp Corporation (CGNX.O) Earnings Conference Call
Positive
Revenue Growth Analysis: Revenue grew 19% year-on-year or 7% excluding the contribution of our Moritex acquisition, led by continued momentum in logistics and semiconductor.
EBITDA Margin Performance: Adjusted EBITDA margin was 17.6% in Q3, in line with the midpoint of our guidance range and up slightly from 17.4% a year ago.
Q3 Free Cash Flow Increase: Free cash flow in Q3 was $52 million, our highest quarterly total since Q4 of 2022, compared to $35 million the previous year.
AI-Driven 3D Innovation: We launched an excellent product, the first product ever to bring AI to 3D, an industrial 3D system, in April.
Q4 Revenue Expectations: We expect revenue between $210 million and $230 million for Q4, reflecting the challenging but stable backdrop we are operating against.
Negative
Organic Growth Slowdown: Revenue growth was only 7% excluding the contribution of Moritex, indicating a slowdown in organic growth.
Gross Margin Decline: Adjusted gross margin decreased to 68.7%, down 4 percentage points from 72.7% a year ago, reflecting competitive pricing pressure.
Rising Operating Expenses: Adjusted operating expenses increased by 10% year-on-year, indicating rising costs despite efforts to manage expenses tightly.
Automotive Revenue Decline: The automotive segment saw revenue decline both year-on-year and sequentially, highlighting challenges in that market.
Early Sales Initiatives Progress: Emerging customer sales initiatives are still in early stages, with only $1 million per week in sales, indicating limited traction.
CGNX FAQs
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CGNX Earning Call Sentiment
Cognex Corporation (CGNX) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CGNX.O
-1.86%Positive
The earnings call summary indicates strong financial performance with a 19% revenue increase, positive EPS growth, and robust free cash flow. Despite some margin pressures and uncertainties in consumer electronics, the company's strategic initiatives, including AI integration and cost management, show promise. The Q&A section reveals optimism about customer base expansion and logistics growth. Shareholder returns and a solid balance sheet further enhance sentiment. Overall, the positive financial results and strategic direction outweigh the concerns, suggesting a likely positive stock price movement.
