Vontier shares drop 15% after Q1 revenue and guidance miss

Earnings
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Summary · why it matters

Vontier, one of six Internet of Things stocks tracked, reported first-quarter revenue of $750.6 million, up 1.3% year on year and beating analyst estimates by 1.8%, but its revenue and EPS guidance for the next quarter fell short of expectations. The stock has fallen 15% since the report and now trades at $29.80. Among the group, Rockwell Automation was the best performer with revenue of $2.24 billion, up 11.9% year on year and beating estimates by 3.8%, while SmartRent was the weakest with revenue of $38.68 million, down 6.4% year on year. Overall, the six companies beat revenue estimates by 1.8% on average, but their share prices have declined by an average of 6.1% since reporting.

Impact on stocks 5

Robotics & Physical AI · 2 stocks
Rockwell Automation Inc
ROK
▲ PositiveDemandrelevance

Reported strong revenue growth of 11.9% and beat estimates, described as best performer.

Electrification & Mobility · 1 stocks
Vontier Corp
VNT
▼ NegativeCapitalrelevance

Q1 revenue and EPS guidance missed expectations, causing 15% stock drop.

Cloud & Digital Infrastructure · 1 stocks
SmartRent Inc
SMRT
▼ NegativeDemandrelevance

Revenue declined 6.4% year on year, described as weakest performer.

Defense & Geopolitical Fragmentation · 1 stocks