Applied Industrial Technologies (AIT) came out with quarterly earnings of $2.64 per share, beating the Zacks Consensus Estimate of $2.52 per share. This compares to earnings of $2.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.76%. A quarter ago, it was expected that this industrial products company would post earnings of $2.40 per share when it actually produced earnings of $2.48, delivering a surprise of 3.33%.Over the ...

Core Insights - Applied Industrial Technologies, Inc. (AIT) is set to release its fourth-quarter fiscal 2024 results on August 15, with earnings estimates remaining unchanged over the past 60 days, and a history of beating consensus estimates with an average surprise of 8.2% [1] - The consensus estimate for revenues is $1.19 billion, reflecting a 2.5% increase year-over-year, while adjusted earnings are expected to be $2.52 per share, indicating a 7.2% increase from the previous year [1] Group 1: Revenue and Earnings Expectations - The Service Center Based Distribution segment is anticipated to generate revenues of $812.4 million, a 3.9% increase from the previous year, supported by strong market position and growth in technical MRO support demand [2] - Total revenues for AIT are expected to reach $1.2 billion, a 2.9% increase year-over-year, with adjusted earnings projected at $2.54 per share, reflecting a 7.9% increase from the prior year [3] Group 2: Challenges and Costs - The Engineered Solutions segment is expected to perform weakly due to decreased demand in the OEM channel, linked to reduced shipments of off-highway mobile and fluid power components [3] - Rising selling, distribution, and administrative expenses, along with increased costs of sales due to higher raw material and labor costs, are likely to negatively impact AIT's bottom line [4] Group 3: Earnings Prediction Model - The current earnings prediction model indicates that AIT does not conclusively predict an earnings beat, with an Earnings ESP of 0.00% as both the Most Accurate Estimate and the Zacks Consensus Estimate are at $2.52 [5] - AIT holds a Zacks Rank of 2 (Buy), which typically increases the odds of an earnings beat, but the current situation does not support this [5]

Core Insights - Analysts project Applied Industrial Technologies (AIT) will report quarterly earnings of $2.52 per share, a 7.2% increase year over year, with revenues expected to reach $1.19 billion, reflecting a 2.5% increase from the same quarter last year [1] - The consensus EPS estimate has been adjusted downward by 0.2% over the past 30 days, indicating a reassessment by covering analysts [1] - A strong correlation exists between earnings estimate revisions and short-term stock price performance, making these adjustments significant for investor reactions [1] Financial Metrics - Estimated 'Net Sales- Engineered Solutions' is projected at $374.91 million, showing a year-over-year decline of 0.4% [2] - 'Net Sales- Service Center Based Distribution' is expected to reach $811.94 million, indicating a 3.9% increase from the previous year [2] - 'Operating income- Engineered Solutions' is anticipated to be $53.11 million, down from $54.33 million year-over-year [2] - 'Operating income- Service Center Based Distribution' is projected at $102.93 million, an increase from $95.06 million in the prior year [3] Market Performance - Shares of Applied Industrial Technologies have returned +1.8% over the past month, outperforming the Zacks S&P 500 composite, which declined by -4.5% [3] - AIT holds a Zacks Rank 2 (Buy), suggesting expectations of beating overall market performance in the near future [3]

Applied Industrial Technologies (AIT) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.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 following years.Sinc ...

The Zacks Manufacturing – General Industrial industry is poised to benefit from improving supply chains, resulting in easier availability of raw materials and faster deliveries. Despite a slowdown in manufacturing activities, strength across prominent end markets should help the industry stay afloat.Investments in product development and technological advancements, and focus on expanding operations through strategic acquisitions are expected to boost the industry’s growth. Ingersoll Rand Inc. (IR) , Dover C ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, June13th:Kirin (KNBWY) : This company which is engaged in the manufacture and sale of alcohol beverages and soft drinks, and an increasingly strong presence in advanced research and technology, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.Kirin’s shares gained 0.5% over the last three month compared with th ...

Industry Overview - The U.S. manufacturing sector is still in contraction, with the ISM manufacturing PMI at 48.7% in May, down from 49.2% in April, indicating ongoing challenges since October 2022, except for a brief recovery in March 2023 [1] - The Zacks Manufacturing – General Industrial industry is positioned for growth due to easing supply-chain disruptions, despite a slowdown in manufacturing activities [1] - The General Industrial industry has provided 18.2% returns over the past year and is currently in the top 26% of the Zacks Industry Rank, suggesting potential outperformance in the next three to six months [2] Company Insights - **Applied Industrial Technologies Inc. (AIT)**: Expected revenue and earnings growth rates of 3% and 5.5% respectively for the year ending June 2025, with a current dividend yield of 0.8% [6] - **Crane Co. (CR)**: Anticipated revenue and earnings growth rates of 9.9% and 16.3% respectively for the current year, with a current dividend yield of 0.6% [7] - **Ingersoll Rand Inc. (IR)**: Expected revenue and earnings growth rates of 5.4% and 10.5% respectively for the current year, with a current dividend yield of 0.1% [8] - **Xylem Inc. (XYL)**: Projected revenue and earnings growth rates of 16.4% and 12.4% respectively for the current year, with a current dividend yield of 1.1% [9] - **Flowserve Corp. (FLS)**: Expected revenue and earnings growth rates of 5.8% and 26.7% respectively for the current year, with a current dividend yield of 1.8% [10] Market Dynamics - Supply-chain disruptions, particularly regarding electronic components, have improved this year, supporting growth for industrial manufacturing companies [3] - Anticipated reductions in raw material costs and a surge in e-commerce are expected to benefit the industry [3] - Companies are focusing on digitization to enhance operational productivity, product quality, and reduce costs [3] - An acquisition-based growth strategy is being employed by industry participants to expand networks and product offerings [4]

Core Viewpoint - Research Frontiers Inc. and AIT Group have introduced a retrofittable SPD-SmartGlass window system, the Thermolite RetroWAL SPD, which will be showcased at the AIA Expo 2024, marking a significant advancement in energy-efficient window technology [1][7]. Company Overview - Research Frontiers Inc. is a publicly traded technology company that specializes in patented SPD-Smart light-control film technology, allowing for instant and precise control of glass shading [8]. - AIT Group is a leading manufacturer of advanced functional glass solutions and a licensee of Research Frontiers' technology, focusing on dynamic glazing and occupant comfort applications [9]. Product Innovation - The Thermolite RetroWAL SPD system allows existing windows to be retrofitted with SPD-SmartGlass technology, providing energy efficiency and modern functionality without the need for complete window replacements [4][5]. - The SPD-Smart film technology enables users to change window tint from clear to dark at the touch of a button or through smart devices, enhancing comfort and reducing heat and glare [2][3]. Market Potential - The global smart glass market is projected to reach $124 billion by 2028, growing at a CAGR of 22.8% from 2023 to 2028, driven by architectural and mobility applications [6]. - Approximately 80% of flat glass produced globally is used in building and construction, indicating a significant opportunity for the adoption of smart glass technologies [6]. Regulatory Environment - The U.S. Federal Government's Dynamic Glass Act, passed in August 2022, offers investment tax credits of 30-50% for electrically-controlled variable tint materials, promoting the adoption of smart glass technologies [6].

The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Applied Industrial Technologies (AIT) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.Applied Industrial Technologies is a member ...

Applied Industrial Technologies (AIT) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is 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 following ...