A Peek at Applied Industrial's Future Earnings
Portfolio Pulse from Benzinga Insights
Applied Industrial Technologies (NYSE:AIT) is set to release its quarterly earnings on October 24, 2024, with analysts expecting an EPS of $2.27. The company has a history of surpassing EPS estimates, which has previously led to modest share price increases. Analysts rate the stock as 'Outperform' with a price target suggesting a 4.54% upside. Compared to peers, Applied Industrial shows strong net margins and return on equity, though its revenue growth is lower.
October 23, 2024 | 3:01 pm
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Applied Industrial Technologies is expected to report an EPS of $2.27. The company has a history of beating estimates, which could lead to a positive short-term stock price movement. Analysts rate the stock as 'Outperform' with a potential 4.54% upside.
The upcoming earnings release is a significant event for AIT, with analysts expecting a positive EPS. Historically, beating EPS estimates has led to stock price increases. The 'Outperform' rating and price target suggest positive sentiment, supporting a likely short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100