Uncovering Potential: Allegion's Earnings Preview

Allegion (NYSE:ALLE) is set to give its latest quarterly earnings report on Thursday, 2024-10-24. Here's what investors need to know before the announcement.

Analysts estimate that Allegion will report an earnings per share (EPS) of $1.98.

Allegion bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

During the last quarter, the company reported an EPS beat by $0.12, leading to a 3.93% increase in the share price on the subsequent day.

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

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.84

1.45

1.59

1.73

EPS Actual

1.96

1.55

1.68

1.94

Price Change %

4.0%

-1.0%

-1.0%

1.0%

Allegion Share Price Analysis

Shares of Allegion were trading at $150.6 as of October 22. Over the last 52-week period, shares are up 55.08%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Opinions on Allegion

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Allegion.

Analysts have given Allegion a total of 5 ratings, with the consensus rating ...