Applied Industrial Technologies Inc expected to post earnings of $1.03 a share - Earnings Preview

Applied Industrial Technologies

27/04/2021 17:14

* Applied Industrial Technologies Inc  AIT.N   AIT  is expected
to show a fall in quarterly revenue when it reports results on
April 29.
* The Cleveland, Ohio-based company is expected to report  a
1.9% decrease in revenue to $814.9 million from $830.8 million a
year ago, according to the mean estimate from 3 analysts, based
on Refinitiv data.​​
​* Refinitiv's mean analyst estimate for Applied Industrial
Technologies Inc is for earnings of $1.03 per share. For the
same quarter last year, the company reported earnings of $1.02
per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
* The mean earnings estimate of analysts was unchanged in the
last three months.​
* Wall Street's median 12-month price target for Applied
Industrial Technologies Inc is $100.5​, about 4.3% above​ its
last closing price of $96.14. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Dec. 31 2020  0.74        0.74       0.98      Beat    32
 Sep. 30 2020  0.63        0.64       0.89      Beat    40.2
 Jun. 30 2020  0.72        0.68       0.80      Beat    17.6​
 Mar. 31 2020  1.01        1.01       1.02      Beat    1.2
 Dec.          0.94​       0.95       0.97      Beat    1.7​
 31​ 2019​                                              
 Sep. 30 2019  1.00        0.99       1.02      Beat    2.6​
 Jun. 30 2019  1.16        1.16       1.20      Beat    3.2
 Mar. 31 2019  1.15        1.15       1.16      Beat    0.7
 This summary was machine generated April 27 at 16:14 GMT.  All
figures in US dollars unless otherwise stated