Sono-Tek Corp reports results for the quarter ended August 31 - Earnings Summary

• Sono-Tek Corp SOTK reported quarterly adjusted earnings of 3 cents​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of two analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from 2 cents to 3 cents per share.

• Revenue rose 0% to $5.16 million from a year ago; analysts expected $5.20 million.

• Sono-Tek Corp's reported EPS for the quarter was 3 cents​.

• The company reported quarterly net income of $424 thousand.

• Sono-Tek Corp shares had fallen by 5.2% this quarter and gained 4.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 16.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Sono-Tek Corp is $7.75, about 45.8% above its last closing price of $4.20

This summary was machine generated from LSEG data October 14 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)