Group 1: Earnings Performance - Sono-Tek Corporation reported quarterly earnings of 0.04 per share a year ago [1] - The company posted revenues of 5.69 million year-over-year [2] - Over the last four quarters, Sono-Tek has surpassed consensus EPS estimates only once [1] Group 2: Stock Performance and Outlook - Sono-Tek shares have declined approximately 2.1% since the beginning of the year, compared to a decline of 0.9% for the S&P 500 [3] - The company's earnings outlook is mixed, with a current Zacks Rank of 3 (Hold), indicating expected performance in line with the market [6] - The current consensus EPS estimate for the upcoming quarter is 5.05 million, and for the current fiscal year, it is 20.29 million [7] Group 3: Industry Context - The Electronics - Semiconductors industry, to which Sono-Tek belongs, is currently ranked in the bottom 46% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Sono-Tek's stock performance [5]
Sono-Tek Corporation (SOTK) Q3 Earnings Meet Estimates