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How Cognex (CGNX) Stock Stands Out in a Strong Industry
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One stock that might be an intriguing choice for investors right now is Cognex Corporation (CGNX - Free Report) .This is because this security in the Electronic Test Equipment space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Electronic Test Equipment space as it currently has a Zacks Industry Rank of 46 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Cognex is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
In fact, over the past month, current quarter estimates have risen from earnings of 36 cents per share to earnings of 47 cents per share. However, current year estimates have risen from earnings of $1.23 per share to earnings of $1.39 per share. This has helped CGNX to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position.
So, if you are looking for a decent pick in a strong industry, consider Cognex . Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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How Cognex (CGNX) Stock Stands Out in a Strong Industry
One stock that might be an intriguing choice for investors right now is Cognex Corporation (CGNX - Free Report) .This is because this security in the Electronic Test Equipment space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Electronic Test Equipment space as it currently has a Zacks Industry Rank of 46 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Cognex is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
COGNEX CORP Price and Consensus
COGNEX CORP Price and Consensus | COGNEX CORP Quote
In fact, over the past month, current quarter estimates have risen from earnings of 36 cents per share to earnings of 47 cents per share. However, current year estimates have risen from earnings of $1.23 per share to earnings of $1.39 per share. This has helped CGNX to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position.
So, if you are looking for a decent pick in a strong industry, consider Cognex . Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>