Vontier Corp Ordinary Shares

VNT: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$86.90	Nyyqtgr	Kyqkggpd

Vontier Lowers Full-Year 2022 Outlook Amid Accelerated EMV Sunset; Reducing Fair Value Estimate

Krzysztof Smalec

Nov 4, 2022

Narrow-moat-rated Vontier’s third-quarter adjusted EPS of $0.86 was in line with FactSet consensus expectations, but the company issued disappointing fourth-quarter guidance of $0.73-$0.78 (well below the $0.93 consensus estimate). After reviewing our forecast, we’ve cut our fair value estimate to $36.50 from $40.50, as we reduced our revenue growth and operating margin projections.

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