A Peek at Applied Industrial's Future Earnings

Applied Industrial (NYSE:AIT) is preparing to release its quarterly earnings on Thursday, 2024-10-24. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Applied Industrial to report an earnings per share (EPS) of $2.27.

Investors in Applied Industrial are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Overview of Past Earnings

Last quarter the company beat EPS by $0.13, which was followed by a 0.76% increase in the share price the next day.

Here's a look at Applied Industrial's past performance and the resulting price change:

Quarter

Q4 2024

Q3 2024

Q2 2024

Q1 2024

EPS Estimate

2.51

2.40

2.11

2.09

EPS Actual

2.64

2.48

2.24

2.39

Price Change %

1.0%

1.0%

0.0%

-3.0%

Applied Industrial Share Price Analysis

Shares of Applied Industrial were trading at $226.23 as of October 22. Over the last 52-week period, shares are up 45.91%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analysts' Perspectives on Applied Industrial

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Applied Industrial.

The consensus rating for Applied Industrial is Outperform, derived from 8 analyst ratings. An average one-year price target of $236.5 implies a potential 4.54% upside.

Understanding Analyst Ratings Among Peers

The following analysis focuses ...