Electronic equipment provider Vontier (NYSE: VNT) will be announcing earnings results this Thursday morning. Here’s what you need to know.
Vontier beat analysts’ revenue expectations by 5.4% last quarter, reporting revenues of $773.5 million, up 11.1% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ organic revenue estimates and an impressive beat of analysts’ adjusted operating income estimates.
Is Vontier a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Vontier’s revenue to be flat year on year at $747.3 million, improving from the 2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.77 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 only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.1% on average.
Looking at Vontier’s peers in the electrical equipment segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Vicor delivered year-on-year revenue growth of 18.5%, beating analysts’ expectations by 15.7%, and Vertiv reported revenues up 29%, topping estimates by 3.4%. Vicor traded up 30.1% following the results while Vertiv was also up 4.6%.
Read our full analysis of Vicor’s results here and Vertiv’s results here.
There has been positive sentiment among investors in the electrical equipment segment, with share prices up 3.1% on average over the last month. Vontier is up 2.3% during the same time and is heading into earnings with an average analyst price target of $48.81 (compared to the current share price of $42.71).
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