Yahoo Finance Vontier (VNT) Q2 Earnings Report Preview: What To Look For
Electronic equipment provider Vontier (NYSE:VNT) will be reporting results tomorrow before the bell. Here's what to expect.
Vontier met analysts' revenue expectations last quarter, reporting revenues of $755.8 million, down 2.7% year on year. It was a slower quarter for the company, with revenue guidance for next quarter missing analysts' expectations and underwhelming earnings guidance for the full year.
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 2.4% year on year to $746.4 million, in line with the 1.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.70 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 2.6% 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. Corning delivered year-on-year revenue growth of 3.5%, meeting analysts' expectations, and Badger Meter reported revenues up 23.2%, topping estimates by 6.5%. Badger Meter traded up 3.7% following the results.
Read our full analysis of Corning's results here and Badger Meter's results here.
There has been positive sentiment among investors in the electrical equipment segment, with share prices up 9.4% on average over the last month. Vontier is up 1.7% during the same time and is heading into earnings with an average analyst price target of $45.7 (compared to the current share price of $38.92).
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