Allegion's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Allegion (NYSE:ALLE) is scheduled to release its quarterly earnings report on February 20, 2024, with analysts expecting an EPS of $1.59. Historical data shows Allegion has a track record of beating EPS estimates, which has sometimes led to positive stock price movements. Shares are currently trading at $133.31, marking a 15.14% increase over the last 52 weeks. Investors are looking forward to not only the earnings results but also the company's guidance for future growth.
February 19, 2024 | 7:01 pm
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Allegion is expected to report an EPS of $1.59 for the upcoming quarter, with historical performance indicating potential for a positive earnings surprise. Shares have seen a 15.14% increase over the past year, reflecting investor confidence.
Given Allegion's history of beating EPS estimates and the subsequent positive stock price reactions, there's a high likelihood of a positive short-term impact on ALLE's stock price, especially if the company beats the EPS estimate again and provides optimistic future guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100