Utilized Industrial Applied sciences (AIT) reported $1.1 billion in income for the quarter ended September 2024, representing a year-over-year improve of 0.3%. EPS of $2.36 for a similar interval compares to $2.39 a 12 months in the past.
The reported income represents a shock of +1.20% over the Zacks Consensus Estimate of $1.09 billion. With the consensus EPS estimate being $2.24, the EPS shock was +5.36%.
Whereas buyers intently watch year-over-year modifications in headline numbers — income and earnings — and the way they evaluate to Wall Avenue expectations to find out their subsequent plan of action, some key metrics at all times present a greater perception into an organization’s underlying efficiency.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers undertaking a inventory’s value efficiency extra precisely.
Right here is how Utilized Industrial Applied sciences carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
- Internet Gross sales- Engineered Options: $349.21 million versus the three-analyst common estimate of $344.66 million. The reported quantity represents a year-over-year change of +0.2%.
- Internet Gross sales- Service Middle Based mostly Distribution: $749.74 million in comparison with the $741.35 million common estimate primarily based on three analysts. The reported quantity represents a change of +0.4% 12 months over 12 months.
- Working income- Engineered Options: $48.15 million versus the three-analyst common estimate of $49.62 million.
- Working income- Service Middle Based mostly Distribution: $94.63 million in comparison with the $96.81 million common estimate primarily based on three analysts.
View all Key Company Metrics for Applied Industrial Technologies here>>>
Shares of Utilized Industrial Applied sciences have returned +4.5% over the previous month versus the Zacks S&P 500 composite’s +1.4% change. The inventory at present has a Zacks Rank #4 (Promote), indicating that it might underperform the broader market within the close to time period.
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Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
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