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

Allient

04/05/2023 24:25

* Allied Motion Technologies Inc  AMOT.OQ  reported
quarterly
adjusted earnings of 55 cents​​ per share for the quarter ended
in March. The mean expectation of three analysts for the quarter
was for earnings of 46 cents per share.
    * Revenue rose 26.8% to $145.55 million from a year ago;
analysts
expected $135.32 million. 
    * Allied Motion Technologies Inc's reported EPS for the
quarter
was 39 cents​.
    * The mean earnings estimate of analysts had fallen by
about 19.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Allied Motion Technologies Inc shares had fallen by 9.0%
this
quarter and gained 1.0% so far this year.
    * The company reported quarterly net income of $6.32
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 May
3 at 11:25 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.25           0.36           Beat