Applied Industrial Technologies Inc expected to post earnings of $2.25 a share - Earnings Preview

Applied Industrial Technologies

22/10/2024 15:24

* Applied Industrial Technologies Inc  AIT.N   AIT  is
expected
to show a fall in quarterly revenue when it reports  results on
October 24 for the period ending September 30 2024
    * The Cleveland Ohio-based  company is expected to report a
0.5% decrease in revenue to $1.09 billion from $1.1 billion a
year ago, according to the mean estimate from 8 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Applied Industrial
Technologies Inc is for earnings of $2.25 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"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 235.00​, above​ its last closing
price of $229.98. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  2.51        2.51       2.64      Beat    5.3
 Jan. 1 2024   2.40        2.40       2.48      Beat    3.3
 Dec. 31 2023  2.11        2.11       2.32      Beat    10.1​
 Sep. 30 2023  2.09        2.09       2.39      Beat    14.2
 ​​Jun.        2.17        2.17       2.35      Beat    8.3
 30 2023                                                
 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
 This summary was machine generated October 22 at 14:24 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)