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

Allient

08/08/2024 03:31

* Allient Inc  ALNT.OQ  reported quarterly adjusted earnings
of 29
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 58
cents.  The mean expectation of three analysts for the quarter
was for earnings of 42 cents per share. Wall Street expected
results to range from 36 cents to 48 cents per share.
    * Revenue fell 7.3% to $136.03 million from a year ago;
analysts
expected $139.64 million. 
    * Allient Inc's reported EPS for the quarter was 7 cents​.
    * The company reported quarterly net income of $1.15
million.
    * Allient Inc shares had fallen by 3.3% this quarter and
lost 19.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.6%
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 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "buy"

Wall Street's median 12-month price target for Allient Inc is
$39.00 
This summary was machine generated from LSEG data August 8 at
02:31 a.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
 Jun. 30 2024      0.42           0.29           Missed
 Mar. 31 2024      0.47           0.58           Beat
 Dec. 31 2023      0.32           0.55           Beat
 Sep. 30 2023      0.55           0.61           Beat