Allient Inc reports results for the quarter ended in December - Earnings Summary

Allient

05/03/2024 23:28

* Allient Inc  ALNT.OQ  reported quarterly adjusted earnings
of 26
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 43
cents.  The mean expectation of three analysts for the quarter
was for earnings of 32 cents per share. Wall Street expected
results to range from 25 cents to 39 cents per share.
    * Revenue rose 7.6% to $141.00 million from a year ago;
analysts
expected $132.56 million. 
    * Allient Inc's reported EPS for the quarter was 26 cents​.
    * The company reported quarterly net income of $4.35
million.
    * Allient Inc shares had fallen by 0.7% this quarter.

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 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Allient Inc
is
$38.00 

This summary was machine generated from LSEG data March 5 at
11:27 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
 Dec. 31 2023      0.32           0.26           Missed
 Sep. 30 2023      0.55           0.61           Beat
 Jun. 30 2023      0.56           0.58           Beat
 Mar. 31 2023      0.46           0.55           Beat