Applied Industrial Technologies Inc expected to post earnings of $1.67 a share - Earnings Preview

Applied Industrial Technologies

24/01/2023 14:37

* Applied Industrial Technologies Inc  AIT.N   AIT  is
expected
to show a rise in quarterly revenue when it reports  results on
January 26. 
    * The Cleveland Ohio-based  company is expected to report  a
13.6% increase in revenue to $996.467 million from $876.87
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 $1.67 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "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 $138​, above​ its last closing
price of $122.09. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  1.63        1.63       1.97      Beat    20.6
 Jun. 30 2022  1.66        1.66       2.02      Beat    21.4
 Mar. 31 2022  1.51        1.52       1.75      Beat    15.5​
 Dec. 31 2021  1.08        1.08       1.46      Beat    35.5
 ​​Sep.        1.25        1.26       1.43      Beat    13.3
 30 2021                                                
 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
 This summary was machine generated January 24 at 14:37 GMT.  All
figures in US dollars  unless otherwise stated