On Wednesday, August 12, Applied Industrial Tech 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|
|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|
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.
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®Tag=&sourcepage=register
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