Applied Industrial Technologies Inc expected to post earnings of $2.09 a share - Earnings Preview

Applied Industrial Technologies

24/10/2023 16:32

* Applied Industrial Technologies Inc  AIT.N   AIT  is
expected
to show a rise in quarterly revenue when it reports  results on
October 26. 
    * The Cleveland Ohio-based  company is expected to report  a
3.7% increase in revenue to $1.102 billion from $1.06 billion 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 $2.09 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"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 $182​, above​ its last closing
price of $153.62. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  2.17        2.17       2.35      Beat    8.3
 Mar. 31 2023  2.16        2.15       2.47      Beat    14.7
 Dec. 31 2022  1.69        1.67       2.05      Beat    23​
 Sep. 30 2022  1.63        1.63       1.97      Beat    20.6
 ​​Jun.        1.66        1.66       2.02      Beat    21.4
 30 2022                                                
 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. 30 2021  1.25        1.26       1.43      Beat    13.3
 This summary was machine generated October 24 at 15:32 GMT.  All
figures in US dollars  unless otherwise stated