Electronic equipment provider Vontier (NYSE:VNT) will be announcing earnings results tomorrow before market hours. Here’s what to expect.
Vontier beat analysts’ revenue expectations by 3.1% last quarter, reporting revenues of $750 million, down 2% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ adjusted operating income and organic revenue estimates.
Is Vontier a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Vontier’s revenue to decline 3% year on year to $765.3 million, improving from the 9.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.79 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Vontier has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Vontier’s peers in the internet of things segment, some have already reported their Q4 results, giving us a hint as to what we can expect. AMETEK delivered year-on-year revenue growth of 1.8%, missing analysts’ expectations by 3.6%, and Emerson Electric reported revenues up 1.4%, falling short of estimates by 1.1%. AMETEK traded down 2.3% following the results while Emerson Electric’s stock price was unchanged.
Read our full analysis of AMETEK’s results here and Emerson Electric’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 5.6% during the same time and is heading into earnings with an average analyst price target of $43.78 (compared to the current share price of $38.38).
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