Applied Industrial Technologies Inc reports results for the quarter ended December 31 - Earnings Summary

Applied Industrial Technologies

29/01/2025 14:31

* Applied Industrial Technologies Inc  AIT.N  reported
quarterly
adjusted earnings of $2.39​​ per share for the quarter ended
December 31, higher than the same quarter last year, when the
company reported EPS of $2.32.  The mean expectation of
eight analysts for the quarter was for earnings of $2.21 per
share. Wall Street expected results to range from $2.16 
to $2.25 per share.
    * Revenue fell 0.4% to $1.07 billion from a year ago;
analysts
expected $1.08 billion. 
    * Applied Industrial Technologies Inc's reported EPS for the
quarter was $2.39​.
    * The company reported quarterly net income of $93.29
million.
    * Applied Industrial Technologies Inc shares had risen
by 5.3%
this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for Applied
Industrial Technologies Inc is $305.00 
This summary was machine generated from LSEG data January 29 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      2.21           2.39           Beat
 Sep. 30 2024      2.25           2.36           Beat
 Jun. 30 2024      2.51           2.64           Beat
 Mar. 31 2024      2.40           2.48           Beat