Applied Industrial Technologies Inc expected to post earnings of $2.11 a share - Earnings Preview

Applied Industrial Technologies

23/01/2024 13:42

* Applied Industrial Technologies Inc  AIT.N   AIT  is
expected
to show a fall in quarterly revenue when it reports  results on
January 25 for the period ending December 31 2023
    * The Cleveland Ohio-based  company is expected to report a
0.1% decrease in revenue to $1.059 billion from $1.06 billion a
year ago, according to the mean estimate from 3 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Applied Industrial
Technologies Inc is for earnings of $2.11 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 $190.00​, above​ its last closing
price of $177.09. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  2.09        2.09       2.37      Beat    13.2
 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.        1.63        1.63       1.97      Beat    20.6
 30 2022                                                
 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
 This summary was machine generated January 23 at 13:42 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)