Recap: Allegion Q4 Earnings
Portfolio Pulse from Benzinga Insights
Allegion (NYSE:ALLE) reported Q4 earnings with an EPS of $1.68, beating estimates by 5.66% and showing a revenue increase of $35.90 million from the previous year. This follows a pattern of surpassing EPS estimates in previous quarters, with a notable share price increase of 0.57% the day after last quarter's earnings announcement.
February 20, 2024 | 10:35 am
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Allegion reported a Q4 EPS of $1.68, surpassing estimates by 5.66%, with a revenue increase of $35.90 million from the previous year. This continues their trend of beating EPS estimates.
Allegion's consistent performance in surpassing EPS estimates, coupled with a significant year-over-year revenue increase, suggests a positive short-term impact on its stock price. Historical data shows a share price increase following earnings beats, indicating a likely continuation of this trend.
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