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

Allient

02/11/2023 05:41

* Allient Inc  ALNT.OQ  reported quarterly adjusted earnings
of 61
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 60 cents.  The mean expectation of three analysts for the
quarter was for earnings of 55 cents per share. Wall Street
expected results to range from 53 cents to 59 cents per share.
    * Revenue rose 8.1% to $145.32 million from a year ago;
analysts
expected $146.46 million. 
    * Allient Inc's reported EPS for the quarter was 41 cents​.
    * The company reported quarterly net income of $6.67
million.
    * Allient Inc shares had fallen by 8.2% this quarter and
lost 18.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$45.00 

This summary was machine generated from LSEG data November 2 at
05:41 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.51           0.43           Missed