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

Sono-Tek Corp reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended August 31, lower than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of two analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from 3 cents to 5 cents per share. Revenue rose 1.3% to $5.23 million from a year ago; analysts expected $5.54 million. Sono-Tek Corp's reported EPS for the quarter was 2 cents​. The company reported quarterly net income of $366 thousand. Sono-Tek Corp shares had risen by 20.7% this quarter and gained 72.4% so far this year. Forecast Changes The mean earnings estimate of analysts was unchanged 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 $8.50, ab