Applied Industrial Technologies Inc expected to post earnings of $1.52 a share - Earnings Preview

Applied Industrial Technologies

26/04/2022 16:44

* Applied Industrial Technologies Inc  AIT.N   AIT  is
expected
to show a rise in quarterly revenue when it reports  results on
April 28. 
    * The Cleveland Ohio-based  company is expected to report  a
10.2% increase in revenue to $926.325 million from $840.94
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 $1.52 per share. For the
same quarter last year, the company reported earnings of $1.37
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 $119.5​, above​ its last closing
price of $98.95. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  1.08        1.08       1.46      Beat    35.5
 Sep. 30 2021  1.25        1.26       1.43      Beat    13.3
 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.        0.74        0.74       0.98      Beat    32
 31 2020                                                
 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
 This summary was machine generated April 26 at 15:44 GMT.  All
figures in US dollars  unless otherwise stated