Applied Industrial Technologies Inc expected to post earnings of $1.26 a share - Earnings Preview

Applied Industrial Technologies

25/10/2021 15:39

* Applied Industrial Technologies Inc  AIT.N   AIT  is expected
to show a rise in quarterly revenue when it reports results on
October 27. 
* The Cleveland, Ohio-based company is expected to report  a
17.3% increase in revenue to $877 million from $747.81 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 $1.26 per share. For the
same quarter last year, the company reported earnings of 89
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 $110​, about 9% above​ its last
closing price of $100.10. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 30 2021  1.16        1.15       1.44      Beat    24.9
 Mar. 31 2021  1.03        1.03       1.37      Beat    33.4
 Dec. 31 2020  0.74        0.74       0.98      Beat    32​
 Sep. 30 2020  0.63        0.64       0.89      Beat    40.2
 Jun.          0.72​       0.68       0.80      Beat    17.6​
 30​ 2020​                                              
 Mar. 31 2020  1.01        1.01       1.02      Beat    1.2​
 Dec. 31 2019  0.94        0.95       0.97      Beat    1.7
 Sep. 30 2019  1.00        0.99       1.02      Beat    2.6
 This summary was machine generated October 25 at 14:39 GMT.  All
figures in US dollars unless otherwise stated