Allied Motion Technologies Inc reports results for the quarter ended in June - Earnings Summary

Allient

03/08/2023 24:13

* Allied Motion Technologies Inc  AMOT.OQ  reported
quarterly
adjusted earnings of 42 cents​​ per share for the quarter ended
in June. The mean expectation of three analysts for the quarter
was for earnings of 56 cents per share.
    * Revenue rose 19.6% to $146.77 million from a year ago;
analysts
expected $145.90 million. 
    * Allied Motion Technologies Inc's reported EPS for the
quarter
was 42 cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Allied Motion Technologies Inc shares had fallen by 2.4%
this
quarter and gained 12.0% so far this year.
    * The company reported quarterly net income of $6.77
million.
    * Wall Street's median 12-month price target for Allied
Motion
Technologies Inc is $45.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 11:13 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.56           0.42           Missed
 Mar. 31 2023      0.46           0.55           Beat
 Dec. 31 2022      0.51           0.43           Missed
 Sep. 30 2022      0.37           0.60           Beat