Uncovering Potential: Allegion's Earnings Preview
Portfolio Pulse from Benzinga Insights
Allegion (NYSE:ALLE) is set to release its quarterly earnings report on October 24, 2024, with analysts estimating an EPS of $1.98. Investors are keen on not just an earnings beat but also positive future guidance. Historically, Allegion's stock price has reacted to earnings beats, with a notable 3.93% increase following the last quarter's beat. Analysts have a Neutral consensus on Allegion, with a one-year price target suggesting a potential downside. Allegion's revenue growth is strong, but it faces challenges with gross profit and return on equity compared to peers.
October 23, 2024 | 7:01 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Allegion is expected to report its earnings with an estimated EPS of $1.98. Investors are looking for not just an earnings beat but also positive guidance. Historically, Allegion's stock has reacted positively to earnings beats. Analysts have a Neutral rating with a potential downside in price target.
Allegion's upcoming earnings report is crucial as investors are not only looking for an EPS beat but also positive guidance. Historically, the stock has reacted positively to earnings beats, but the current analyst consensus is Neutral with a potential downside in the price target. This mixed sentiment suggests a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100