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

Applied Industrial Technologies

27/04/2023 14:33

* Applied Industrial Technologies Inc  AIT.N  reported
quarterly
adjusted earnings of $2.47​​ per share for the quarter ended in
March. The mean expectation of three analysts for the quarter
was for earnings of $2.15 per share.
    * Revenue rose 15.4% to $1.13 billion from a year ago;
analysts
expected $1.12 billion. 
    * Applied Industrial Technologies Inc's reported EPS for the
quarter was $2.47​.
    * The mean earnings estimate of analysts had risen by
about 3.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Applied Industrial Technologies Inc shares had fallen
by 7.4%
this quarter and gained 4.4% so far this year.
    * The company reported quarterly net income of $97.19
million.
    * Wall Street's median 12-month price target for Applied
Industrial Technologies Inc is $162.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
April 27 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      2.15           2.47           Beat
 Dec. 31 2022      1.67           2.05           Beat
 Sep. 30 2022      1.63           1.97           Beat
 Jun. 30 2022      1.66           2.02           Beat