Machine vision company Cognex Corporation (NASDAQ: CGNX )
is one of the most compelling growth stocks in the industrial sector.
It's also one of the most expensive, trading at 28 times forecast
earnings for 2014. That's a heady mix that ensures that investors will
closely follow its upcoming third-quarter earnings report. Let's see
what those investors might expect.
Cognex: the numbers
Cognex investors will remember the company's fourth-quarter results from February, when the company beat earnings estimates and promptly fell more than 8%, only to rise 7% the next day. While it's always interesting to follow such events, long-term investors will want to look at its earnings in the context of the development of the business.
Before delving into a qualitative discussion, here is what Cognex's management forecasted for the third quarter at the time of the second-quarter earnings call.
READ THE FULL EQUITY RESEARCH ARTICLE LINKED
Cognex: the numbers
Cognex investors will remember the company's fourth-quarter results from February, when the company beat earnings estimates and promptly fell more than 8%, only to rise 7% the next day. While it's always interesting to follow such events, long-term investors will want to look at its earnings in the context of the development of the business.
Before delving into a qualitative discussion, here is what Cognex's management forecasted for the third quarter at the time of the second-quarter earnings call.
READ THE FULL EQUITY RESEARCH ARTICLE LINKED
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