Vontier Earnings Preview: Consensus Estimates and Peer Comparisons
Vontier (NYSE: VNT), an electronic equipment provider, is scheduled to report its quarterly earnings results before market open tomorrow. Analysts expect the company's revenue to decline by 3% year-over-year to $765.3 million, an improvement from the 9.5% decrease recorded in the same period last year. Adjusted earnings per share are anticipated to be $0.79.
In the previous quarter, Vontier surpassed analysts' revenue estimates by 3.1%, reporting $750 million, a 2% decline year-over-year. The company had a strong quarter, exceeding expectations for adjusted operating income and organic revenue growth.
Analysts have maintained their estimates for Vontier's earnings over the past 30 days, indicating that they expect the business to perform as anticipated. In the past two years, Vontier has missed Wall Street's revenue projections three times.
Looking at Vontier's peer group within the internet of things (IoT) industry, some companies have already released their Q4 results, providing insights into what to anticipate. AMETEK reported a 1.8% annual revenue increase, falling short of analysts' estimates by 3.6%, while Emerson Electric reported a 1.4% revenue increase, missing estimates by 1.1%. AMETEK's stock price declined by 2.3% following the results, while Emerson Electric's share price remained unchanged.
Despite the mixed results from its peers, Vontier is entering its earnings report with an optimistic sentiment among investors. The company's stock price has risen by 5.6% over the past month, and analysts have an average target price of $43.78 (compared to the current share price of $38.38).