Allegion PLC reports results for the quarter ended in September 30 - Earnings Summary

Allegion

24/10/2024 17:00

* Allegion PLC  ALLE.N  reported quarterly adjusted earnings
of
$2.16​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $1.94.  The mean expectation of eight analysts for the
quarter was for earnings of $1.98 per share. Wall Street
expected results to range from $1.96  to $2.01 per share.
    * Revenue rose 5.4% to $967.10 million from a year ago;
analysts
expected $970.89 million. 
    * Allegion PLC's reported EPS for the quarter was $1.99​.
    * The company reported quarterly net income of $174.2
million.
    * Allegion PLC shares had risen by 3.5% this quarter and
gained 19.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "hold"

Wall Street's median 12-month price target for Allegion PLC is
$150.00 
This summary was machine generated from LSEG data October 24 at
04:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      1.98           2.16           Beat
 Jun. 30 2024      1.84           1.96           Beat
 Mar. 31 2024      1.45           1.55           Beat
 Dec. 31 2023      1.59           1.68           Beat