U.S. Markets close in 6 hrs 29 mins

Applied Industrial Tech's Earnings: A Preview

Benzinga Insights
·2 mins read

On Wednesday, August 12, Applied Industrial Tech (NYSE: AIT) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

Earnings and Revenue

Applied Industrial Tech earnings will be near $0.66 per share on sales of $739.09 million, according to analysts. Applied Industrial Tech EPS in the same period a year ago totaled $1.2. Sales were $882.74 million. Analysts estimate would represent a 45.0% decrease in the company's earnings. The company's reported EPS has stacked up against analyst estimates in the past like this:

Quarter

Q3 2020

Q2 2020

Q1 2019

Q4 2019

EPS Estimate

1.01

0.96

1

1.16

EPS Actual

1.02

0.97

1.02

1.20

Revenue Estimate

858.98 M

836.57 M

838.79 M

922.40 M

Revenue Actual

830.80 M

833.38 M

856.40 M

882.74 M

Stock Performance

For a full 12 months, the return has risen by 32.5%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

View more earnings on AIT

Don't be surprised to see the stock move on comments made during its conference call. Applied Industrial Tech is scheduled to hold the call at 10:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.applied.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2400664&sessionid=1&key=5759AEF9ECB8E1D55577A62CB18576A4&regTag=&sourcepage=register

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.