Group 1 - Applied Industrial Technologies (AIT) has a strong history of beating earnings estimates, with an average surprise of 10.81% over the last two quarters [1] - In the most recent quarter, AIT reported earnings of $2.24 per share, exceeding the expected $2.11 per share by 6.16%, and in the previous quarter, it reported $2.39 per share against an estimate of $2.07 per share, resulting in a surprise of 15.46% [1] - Recent estimates for AIT have been increasing, and the Zacks Earnings ESP (Expected Surprise Prediction) is positive, indicating a strong potential for another earnings beat [2] Group 2 - The Zacks Earnings ESP for AIT is currently +0.63%, suggesting that analysts are optimistic about its near-term earnings potential [3] - AIT holds a Zacks Rank of 1 (Strong Buy), which, when combined with the positive Earnings ESP, indicates a high likelihood of another earnings beat [3] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [2]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, leveraging established price movements for profitable trades [1]. Group 1: Company Overview - Applied Industrial Technologies (AIT) currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [1]. - AIT has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [2]. Group 2: Performance Metrics - Over the past week, AIT shares increased by 0.18%, outperforming the Zacks Manufacturing - General Industrial industry, which rose by 0.08% [3]. - In the last month, AIT's shares rose by 4.92%, significantly better than the industry's 1.1% performance [3]. - AIT shares have increased by 15.21% over the past quarter and 50.59% over the last year, while the S&P 500 only moved 10.16% and 27.31% respectively [4]. Group 3: Trading Volume - AIT's average 20-day trading volume is 669,576 shares, which serves as a bullish indicator when combined with rising stock prices [4]. Group 4: Earnings Outlook - In the past two months, one earnings estimate for AIT has increased, raising the consensus estimate from $9.26 to $9.49 for the full year [5]. - For the next fiscal year, one estimate has also moved upwards, with no downward revisions noted [5]. Group 5: Conclusion - Given the positive performance metrics and earnings outlook, AIT is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [6].

Investors might want to bet on Applied Industrial Technologies (AIT) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and follow ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?Developed alongside ...

The manufacturing sector is finally showing signs of recovery as new orders and production continue to increase. Manufacturing activity increased in March to its highest level in one-and-a-half years although raw material prices remained high and employment subdued.Manufacturing Sector Poised to GrowThe Institute for Supply Management’s (ISM) survey on Apr 1 suggests that the sector, which took a major hit owing to higher interest rates, is rebounding at a solid pace. The ISM said that its manufacturing PMI ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score ...

Have you been paying attention to shares of Applied Industrial Technologies (AIT) ? Shares have been on the move with the stock up 1.9% over the past month. The stock hit a new 52-week high of $194.37 in the previous session. Applied Industrial Technologies has gained 11.6% since the start of the year compared to the 8.2% move for the Zacks Industrial Products sector and the 8.5% return for the Zacks Manufacturing - General Industrial industry.What's Driving the Outperformance?The stock has an impressive re ...

Production at U.S. factories has started showing signs of rebounding although it remains less than the year-ago levels. Industrial production rose an impressive 0.5% in February after declining 1.1% in January, and surpassed analysts’ expectations of a rise of 0.3%, the Federal Reserve said on Mar 15.Production at U.S. factories had increased 0.1% in December after a difficult 2023 that saw manufacturing output shrinking. Manufacturing output in February also rebounded, increasing 0.8% after declining 1.1% ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the st ...

Core Insights - The article emphasizes the importance of utilizing Zacks Premium for investors to enhance their stock market strategies and confidence in investing [1] Zacks Style Scores - Zacks Style Scores consist of four categories: Value Score, Growth Score, Momentum Score, and VGM Score, each designed to help investors identify stocks with the best potential for market outperformance [2][3] - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E and Price/Sales [2] - The Growth Score assesses a company's future prospects based on projected earnings and sales growth [2] - The Momentum Score identifies trends in stock prices and earnings estimates to optimize entry points for investments [2] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to facilitate stock selection, with 1 (Strong Buy) stocks historically yielding an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [4] - The combination of Zacks Rank and Style Scores aids investors in narrowing down their stock choices from over 800 top-rated stocks [4][5] Stock Highlight: Applied Industrial Technologies (AIT) - Applied Industrial Technologies, Inc. is a distributor of industrial products, primarily serving OEM and MRO customers in regions including North America and Australia [6] - AIT holds a Zacks Rank of 2 (Buy) and has a VGM Score of B, indicating strong growth potential [6][7] - The company is projected to achieve a year-over-year earnings growth of 7.7% for the current fiscal year, with a recent increase in earnings estimates [6]