What's in Store for Applied Industrial in Q4 Earnings? EPS, Inc., Tech, Zacks, Growth, Revenue, Benzinga, Earnings, Bear Market, Rev Surprise, Applied Industrial Technologies by https://www.benzinga.com/
AI Insights:
Simple Explanation:
so, this is about a company called applied industrial technologies. they make things that other companies use to help their machines work better. soon, they will tell us how much money they made during the last 3 months. people think they made $1.19 billion and $2.52 for each thing they made that people buy. sometimes, companies make more money than people think they will. this is called "beating expectations." but, the article is not sure if applied industrial technologies will beat expectations this time. Read from source...
Critical Perspective:
**None detected**
Sentiment Analysis:
Neutral.
Reasoning: The article is neither positive nor negative about the company. It is simply stating that the company is scheduled to release fourth-quarter fiscal 2024 results and providing some details regarding the company's performance. Additionally, the article mentions that the company has an impressive earnings surprise history, having beaten the consensus estimate in each of the preceding four quarters. However, it also mentions that our proven model does not conclusively predict an earnings beat for AIT this time around. Therefore, the sentiment of the article is neutral.
Investment Analysis:
We are not financial advisors. It's always essential for you to consult with a financial advisor and do your research before making any decisions about investments.
According to Zacks Investment Research, Applied Industrial Technologies (AIT) is scheduled to report its Q4 fiscal 2024 results before the market opens on August 15, 2024. Zacks Consensus Estimate for the adjusted earnings per share of AIT is pinned at $2.52, suggesting a year-on-year increase of 7.2%. While the consensus estimate for revenues is pegged at $1.19 billion, indicating an increase of 2.5% from the year-ago quarter, the company is expected to have put up a weak show across the Engineered Solutions segment due to a decrease in demand across the OEM channel as a result of the reduced shipment of off-highway mobile and fluid power components. Rising selling, distribution, and administrative expenses, due to higher deferred compensation costs, are also expected to dent AIT's bottom line. The rising costs of sales, due to an increase in raw material and labor costs, are expected to hurt the company's results.