Why did CGNX's Q2 2024 EPS disappoint?

Cognex's Q2 2024 EPS of $0.21 may have disappointed due to several factors:

1. **Analyst Expectations**: Prior to the earnings release, brokers predicted a lower EPS of $0.12 for Q2 2024. This discrepancy suggests that the actual EPS fell short of market anticipations.
2. **Revenue Analysis**: Although Cognex surpassed revenue expectations with a total of $239.29 million, this achievement was not adequately translated into higher EPS. This could indicate inefficiencies or strategic decisions affecting profitability.
3. **Market Context**: The broader market context, including industry trends and economic conditions, may have influenced Cognex's financial performance. For instance, the semiconductor and logistics markets are improving in 2024, which could have benefited Cognex's operations.

In summary, Cognex's Q2 2024 EPS fell below expectations due to a combination of factors, including analyst predictions, revenue outcomes, and broader market influences.

|code|Ticker|Name|Date|Total Revenue|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|CGNX|CGNX.O|Cognex|2023 Q3|1.97241E8|0.11|185|
|CGNX|CGNX.O|Cognex|2023 Q4|1.9667E8|0.07|185|
|CGNX|CGNX.O|Cognex|2024 Q1|2.10797E8|0.07|185|
|CGNX|CGNX.O|Cognex|2024 Q2|2.39292E8|0.21|185|