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

Applied Industrial Technologies

26/01/2023 14:31

* Applied Industrial Technologies Inc  AIT.N  reported
quarterly
adjusted earnings of $2.05​​ per share for the quarter ended in
December. The mean expectation of three analysts for the quarter
was for earnings of $1.67 per share.
    * Revenue rose 20.9% to $1.06 billion from a year ago;
analysts
expected $996.47 million. 
    * Applied Industrial Technologies Inc's reported EPS for the
quarter was $2.05​.
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Applied Industrial Technologies Inc shares had fallen
by 2.8%
this quarter.
    * The company reported quarterly net income of $80.46
million.
    * Wall Street's median 12-month price target for Applied
Industrial Technologies Inc is $138.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data January
26 at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.67           2.05           Beat
 Sep. 30 2022      1.63           1.97           Beat
 Jun. 30 2022      1.66           2.02           Beat
 Mar. 31 2022      1.52           1.75           Beat