Companies Reporting Before The Bell
• Palantir Technologies (NYSE:PLTR) is estimated to report quarterly earnings at $0.04 per share on revenue of $417.69 million.
Cognex (NASDAQ:CGNX) is set to give its latest quarterly earnings report on Thursday, 2022-02-17. Here's what investors need to know before the announcement.
Analysts estimate that Cognex will report an earnings per share (EPS) of $0.22.
Over the past 3 months, 5 analysts have published their opinion on Cognex (NASDAQ:CGNX) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
The year 2021 marked a period when global economies began picking up the pieces following the COVID-19 pandemic that left them crippled and ravaged. Notwithstanding the setbacks, the tech sector extended its gains from 2020 and remains poised to go from strength to strength.
If history is any guide, there may be trouble ahead for shares of Cognex (NASDAQ:CGNX). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.