Allegion Q2 Adj EPS $1.76 Beats $1.72 Estimate, Sales $912.50M Miss $938.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
Allegion (NYSE:ALLE) reported Q2 adjusted earnings of $1.76 per share, beating the analyst consensus estimate of $1.72 by 2.33%. This is a 28.47% increase from the same period last year. However, the company's quarterly sales of $912.50 million missed the analyst consensus estimate of $938.22 million by 2.74%, though it's an 18.03% increase from last year.
July 26, 2023 | 9:33 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Allegion's Q2 earnings beat estimates but sales missed. Earnings per share were $1.76, up 28.47% YoY, while sales were $912.50M, missing estimates by 2.74% but up 18.03% YoY.
Allegion's Q2 earnings beat analyst estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100