Electronic equipment provider Vontier (NYSE:VNT) will be reporting results this Thursday before the bell. Here’s what to expect.
Vontier beat analysts’ revenue expectations by 2.8% last quarter, reporting revenues of $741.1 million, down 1.9% year on year. It was a strong quarter for the company, with an impressive 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 grow 5.4% year on year to $734 million, a reversal from the 8.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.72 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 0.4% on average.
Looking at Vontier’s peers in the electrical equipment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Bel Fuse delivered year-on-year revenue growth of 26.3%, beating analysts’ expectations by 10.1%, and Acuity Brands reported revenues up 21.7%, topping estimates by 3.1%. Bel Fuse traded up 18.8% following the results while Acuity Brands was also up 5.8%.
Read our full analysis of Bel Fuse’s results here and Acuity Brands’s results here.
There has been positive sentiment among investors in the electrical equipment segment, with share prices up 5.5% on average over the last month. Vontier is up 8.2% during the same time and is heading into earnings with an average analyst price target of $44.55 (compared to the current share price of $39.93).
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