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

Applied Industrial Technologies

11/08/2022 14:32

* Applied Industrial Technologies Inc  AIT.N  reported
quarterly
adjusted earnings of $2.02​​ per share for the quarter ended in
June. The mean expectation of three analysts for the quarter was
for earnings of $1.66 per share.
    * Revenue rose 18.5% to $1.06 billion from a year ago;
analysts
expected $977.43 million. 
    * Applied Industrial Technologies Inc's reported EPS for the
quarter was $2.02​.
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Applied Industrial Technologies Inc shares had risen
by 10.3%
this quarter and gained 3.3% so far this year.
    * The company reported quarterly net income of $79.11
million.
    * Wall Street's median 12-month price target for Applied
Industrial Technologies Inc is $120.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 11
at 01:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      1.66           2.02           Beat
 Mar. 31 2022      1.52           1.75           Beat
 Dec. 31 2021      1.08           1.46           Beat
 Sep. 30 2021      1.26           1.43           Beat