Core Viewpoint - Applied Industrial Technologies (AIT) is anticipated to report a year-over-year decline in earnings despite an increase in revenues for the quarter ending December 2024, with the actual results being a significant factor influencing the stock price in the near term [1][2]. Earnings Expectations - The upcoming earnings report is scheduled for January 29, 2025, with a consensus estimate of $2.22 per share, reflecting a -0.9% change year-over-year. Revenues are projected to be $1.08 billion, which is a slight increase of 0.1% from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly altered their initial projections during this period [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for AIT is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.68%. This suggests a bearish outlook from analysts regarding the company's earnings prospects [10][11]. Historical Performance - In the last reported quarter, AIT was expected to post earnings of $2.24 per share but exceeded expectations with actual earnings of $2.36, resulting in a surprise of +5.36%. Over the last four quarters, the company has consistently beaten consensus EPS estimates [12][13]. Conclusion on Earnings Beat Potential - Given the current Earnings ESP and Zacks Rank of 2, AIT does not appear to be a strong candidate for an earnings beat. Investors are advised to consider other factors when making decisions regarding this stock ahead of the earnings release [11][16].

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Applied Industrial Technologies, Inc. (AIT) is well-poised to benefit from strength across its business, acquisitions, focus on improving the product line and operational excellence. The company remains focused on investing in growth opportunities and solidifying its long-term market position.AIT has a market capitalization of $9.4 billion and currently carries a Zacks Rank #2 (Buy). Let’s delve into the factors that have been aiding the firm for a while now.Business Strength: Applied Industrial is poised f ...

The Zacks Manufacturing – General Industrial industry has been grappling with persistent weakness in the manufacturing sector and supply-chain disruptions. Also, rising input costs and a tough labor market create concerns for the industry.However, industry participants’ focus on cost-control measures and investments in product development have been allowing them to stay competitive in the market. Dover Corporation (DOV) , Applied Industrial Technologies, Inc. (AIT) , Generac Holdings Inc. (GNRC) and DXP Ent ...

Analyst Background - The analyst has 10 years of experience as an investment analyst at Merrill and currently manages a financial advisory business in Texas [1] - The analyst enjoys writing about stocks to help investors understand financial news and the investment process [1] Disclosure - The analyst has no stock, option, or derivative positions in any mentioned companies and no plans to initiate such positions within the next 72 hours [2] - The article expresses the analyst's own opinions and is not receiving compensation other than from Seeking Alpha [2] - The analyst has no business relationship with any company whose stock is mentioned in the article [2] Seeking Alpha Disclosure - Past performance is no guarantee of future results [3] - No recommendation or advice is given regarding the suitability of any investment for a particular investor [3] - Views or opinions expressed may not reflect those of Seeking Alpha as a whole [3] - Seeking Alpha is not a licensed securities dealer, broker, or US investment adviser or investment bank [3] - Analysts are third-party authors, including both professional and individual investors who may not be licensed or certified by any institute or regulatory body [3]

Applied Industrial Technologies, Inc. (AIT) recently completed the acquisition of Hydradyne, LLC. The financial terms of the transaction have been kept under wraps.Based in Dallas, TX, Hydradyne provides various products and services, including system design, fabrication, assembly, installation, repair and support for critical stationary and mobile equipment in various industrial and commercial sectors. It employs approximately 500 personnel across 33 locations in the Southeastern United States.Acquisition ...

The Zacks Industrial Products sector faced significant headwinds in 2024, owing to persistent softness in the manufacturing sector, supply-chain disruptions and inflationary pressure. The rising cost of raw materials and shortages of semiconductor, electrical and electronic components heavily affected industrial goods production. The persistence of high inflation in the United States further intensified the problem by increasing operational expenses and reducing profit margins.Per the latest report publishe ...

It has been a remarkable year for stock market investors. The S&P 500 Index has soared almost 27% this year amid a resilient macroeconomic environment and robust corporate earnings. Hence, it might become difficult for retail investors to choose stocks independently and generate solid returns in 2025.To do this, one needs to understand the company fundamentals and try to place them against the current economic background to figure out how the stock may fare as an investment. One way to cut short this task i ...

Applied Industrial Technologies, Inc. (AIT) has inked a deal to acquire Hydradyne, LLC. The financial terms of the transaction have been kept under wraps.Founded in Dallas, TX, Hydradyne specializes in fluid power and motion control systems. The company provides various products and services, including system design, fabrication, assembly, installation, repair and support for critical stationary and mobile equipment in various industrial and commercial sectors. It employs approximately 500 personnel across ...

Applied Industrial Technologies, Inc. (AIT) is well-poised for growth in the coming quarters, courtesy of its improving product line and value-added services. The company's efforts to reward its shareholders handsomely add to its appeal.Applied Industrial is a distributor of value-added industrial products, including engineered fluid power components, bearings, specialty flow control solutions, power transmission products and miscellaneous industrial supplies. These products are mainly sold to original equi ...