Allient Inc reports results for the quarter ended in September 30 - Earnings Summary

Allient

07/11/2024 05:06

* Allient Inc  ALNT.OQ  reported quarterly adjusted earnings
of 31
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 61
cents.  The mean expectation of three analysts for the quarter
was for earnings of 23 cents per share. Wall Street expected
results to range from 19 cents to 28 cents per share.
    * Revenue fell 13.8% to $125.21 million from a year ago;
analysts
expected $124.52 million. 
    * Allient Inc's reported EPS for the quarter was 13 cents​.
    * The company reported quarterly net income of $2.1 million.
    * Allient Inc shares had risen by 7.8% this quarter and
lost 32.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 45.7%
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
$30.00 
This summary was machine generated from LSEG data November 7 at
05:06 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
 Sep. 30 2024      0.23           0.31           Beat
 Jun. 30 2024      0.42           0.29           Missed
 Mar. 31 2024      0.47           0.58           Beat
 Dec. 31 2023      0.32           0.55           Beat