Applied Industrial Technologies Inc expected to post earnings of $2.15 a share - Earnings Preview

Applied Industrial Technologies

25/04/2023 17:40

* Applied Industrial Technologies Inc  AIT.N   AIT  is
expected
to show a rise in quarterly revenue when it reports  results on
April 27. 
    * The Cleveland Ohio-based  company is expected to report  a
13.8% increase in revenue to $1.116 billion from $980.66 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 $2.15 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 $162​, above​ its last closing
price of $136.85. ​​​

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 2022  1.69        1.67       2.05      Beat    23
 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.        1.08        1.08       1.46      Beat    35.5
 31 2021                                                
 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
 This summary was machine generated April 25 at 16:40 GMT.  All
figures in US dollars  unless otherwise stated