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A Preview Of Albany Intl's Earnings

Albany Intl (NYSE:AIN) is gearing up to announce its quarterly earnings on Wednesday, 2024-10-30. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Albany Intl will report an earnings per share (EPS) of $0.90.

Albany Intl 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).

Performance in Previous Earnings

In the previous earnings release, the company missed EPS by $0.02, leading to a 1.83% increase in the share price the following trading session.

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

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.91

0.87

0.82

0.92

EPS Actual

0.89

0.90

1.22

1.02

Price Change %

2.0%

-10.0%

2.0%

-3.0%

Performance of Albany Intl Shares

Shares of Albany Intl were trading at $72.25 as of October 28. Over the last 52-week period, shares are down 12.04%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

Analysts' Take on Albany Intl

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Albany Intl.

With 2 analyst ratings, Albany Intl ...