On July 30, Cognex rose 5.15% in regular trading, trading at $61.8/share, with turnover of $19.14 million. The stock rebounded sharply amid a broad sector recovery and ahead of its Q2 earnings report scheduled for August 5 after market close.
Market consensus expects Q2 revenue of $293 million, representing 18.84% year-over-year growth, with adjusted EPS of $0.43, a 79.63% increase. EBIT is forecast at $78 million, up 76.17% year-over-year. Institutions are generally bullish ahead of the release. In the prior quarter, Cognex reported revenue of $268 million with a gross margin of 71.13% and adjusted EPS of $0.34, up 112.50% year-over-year.
Within the Electronic Equipment & Instruments sector, stocks broadly rebounded. Among individual stocks, Ouster up 10.61%, Advanced Energy up 9.29%, Keysight Technologies up 5.16%, Zebra up 0.27%, Ralliant Corporation down 0.87%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)