Applied Industrial Technologies Inc expected to post earnings of $1.08 a share - Earnings Preview

Applied Industrial Technologies

25/01/2022 15:27

* Applied Industrial Technologies Inc  AIT.N   AIT  is
expected
to show a rise in quarterly revenue when it reports  results on
January 27. 
    * The Cleveland Ohio-based  company is expected to report  a
13.3% increase in revenue to $850.875 million from $751.29
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Applied Industrial
Technologies Inc is for earnings of $1.08 per share. For the
same quarter last year, the company reported earnings of 98
cents 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 $111.5​, about 10.2% above​ its
last closing price of $100.10. ​​​
    * 

This summary was machine generated January 25 at 15:27 GMT.  All
figures in US dollars  unless otherwise stated