Core Viewpoint - U.S. markets are facing uncertainty due to a hawkish stance from the Federal Reserve and political developments, leading investors to adopt a cautious approach. A relative price strength strategy is suggested as a resilient method for identifying investment opportunities while minimizing risks in volatile markets [1]. Group 1: Relative Price Strength Strategy - The relative price strength strategy focuses on stocks that outperform their peers, which is crucial for identifying potential winning investments [3][4]. - Stocks that show impressive earnings growth or valuation multiples but underperform compared to broader groups may indicate underlying issues [3]. - It is essential to assess whether an investment has upside potential, particularly for stocks that have outperformed the S&P 500 over the past 1 to 3 months and possess solid fundamentals [5]. Group 2: Screening Parameters - Screening parameters include relative price changes over 12 weeks, 4 weeks, and 1 week, ensuring stocks have consistently outperformed the S&P 500 [7]. - Positive estimate revisions for the current quarter's earnings are also considered, as upward revisions typically lead to additional price gains [6]. - Stocks must have a Zacks Rank of 1 (Strong Buy), a current price of at least $5, and an average 20-day volume of at least 50,000 to ensure adequate liquidity [8]. Group 3: Company Highlights - **Rigel Pharmaceuticals (RIGL)**: Focuses on innovative small-molecule drugs with a market cap of $424.5 million. The 2024 earnings estimate indicates 112.1% growth, and shares have increased by 157.4% over the past year [11][12]. - **Synchrony Financial (SYF)**: A leading consumer financial services company with a market cap of $25.5 billion. The 2024 earnings estimate suggests 25.6% growth, and shares have risen by 117.9% in the last year [13]. - **SkyWest, Inc. (SKYW)**: Operates as a regional airline with a market cap of $4.5 billion. The 2024 earnings estimate indicates 829.8% growth, and shares have gained 135% in a year [14]. - **Allient Inc. (ALNT)**: Designs and manufactures precision motion control systems with a market cap of $408.3 million. The 2024 earnings estimate has increased by 10.9%, but shares have lost 8.7% in the past year [15][16]. - **Rush Street Interactive (RSI)**: Develops online gaming platforms with a 2024 earnings estimate indicating 235.7% growth. Shares have surged by 137.8% in the last year [17][18].

Group 1: Sappi Limited (SPPJY) - Sappi Limited is a wood fiber-based renewable resources company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 13.7% over the last 60 days [1] - The company has a price-to-earnings ratio (P/E) of 4.99, compared to 5.10 for the industry, and possesses a Value Score of A [1] Group 2: Townsquare Media, Inc. (TSQ) - Townsquare Media, Inc. is a digital media and marketing solutions company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 10.3% over the last 60 days [2] - The company has a price-to-earnings ratio (P/E) of 9.21, compared to 24.23 for the S&P, and possesses a Value Score of A [2] Group 3: Allient Inc. (ALNT) - Allient Inc. is an industrial manufacturing company with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 8.5% over the last 60 days [3] - The company has a price-to-earnings ratio (P/E) of 16.69, compared to 22.10 for the industry, and possesses a Value Score of A [3]

Core Viewpoint - Allient (ALNT) shares have increased by 24.4% in the past four weeks, closing at $23.28, with a potential upside of 26% based on Wall Street analysts' mean price target of $29.33 [1] Price Targets and Analyst Estimates - The mean price target consists of three short-term estimates with a standard deviation of $1.15, indicating a range where the lowest estimate of $28 suggests a 20.3% increase, while the highest estimate of $30 indicates a 28.9% increase [2] - A low standard deviation among price targets suggests strong agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [7] Earnings Estimates and Analyst Sentiment - Analysts show growing optimism about ALNT's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which historically correlates with near-term stock price movements [9] - Over the last 30 days, the Zacks Consensus Estimate for ALNT's current year earnings has increased by 8.6%, with one estimate moving higher and no negative revisions [10] Zacks Rank and Investment Potential - ALNT holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside in the near term [11]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, identified through the Zacks Momentum Style Score [2] Group 2: Allient (ALNT) Stock Analysis - Allient (ALNT) has shown a price increase of 24.4% over the past four weeks, indicating growing investor interest [3] - Over the past 12 weeks, ALNT gained 12.7%, demonstrating its ability to deliver positive returns over a longer timeframe [4] - ALNT has a beta of 1.51, suggesting it moves 51% more than the market in either direction, indicating fast-paced momentum [4] - The stock has a Momentum Score of B, suggesting it is an opportune time to invest [5] - ALNT has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [6] - The stock is trading at a Price-to-Sales ratio of 0.71, indicating it is reasonably valued at 71 cents for each dollar of sales [6] Group 3: Additional Investment Opportunities - Besides ALNT, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [7] - Zacks offers over 45 Premium Screens tailored to different investing styles, aiding in stock selection [8]

Allient Inc. (NASDAQ:ALNT) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Craig Mychajluk - Investor Relations, Alliance Advisors LLC Richard Warzala - President and Chief Executive Officer James Michaud - Chief Financial Officer Conference Call Participants Greg Palm - Craig-Hallum Capital Group Edward Jackson - Northland Securities, Inc. Michael McCroskey - Principal Securities, Inc. Robert Van Voorhis - Vanatoc Capital Management, LLC Operator Good day, and welcome to ...

Core Insights - Allient (ALNT) reported quarterly earnings of $0.31 per share, exceeding the Zacks Consensus Estimate of $0.21 per share, but down from $0.61 per share a year ago, representing a 47.62% earnings surprise [1] - The company generated revenues of $125.21 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.75%, but down from $145.32 million year-over-year [2] - Allient has outperformed consensus EPS estimates three times in the last four quarters and has also topped revenue estimates three times during the same period [2] Earnings Outlook - The future performance of Allient's stock will largely depend on management's commentary during the earnings call and the sustainability of the stock's immediate price movement based on the recently released numbers [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.21 on revenues of $118.95 million, and for the current fiscal year, it is $1.29 on revenues of $526 million [7] Industry Context - Allient operates within the Zacks Electronics - Miscellaneous Components industry, which is currently ranked in the top 31% of over 250 Zacks industries, indicating a favorable industry outlook [8] - The performance of Allient's stock may also be influenced by the overall industry trends, as research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8]

Financial Performance - Revenues for Q3 2024 were $125,213 thousand, a decrease of 14% compared to $145,319 thousand in Q3 2023[103] - Gross profit decreased to $39,264 thousand in Q3 2024 from $47,498 thousand in Q3 2023, with gross margin percentage dropping to 31.4% from 32.7%[105] - Net income for Q3 2024 was $2,101 thousand, down 68% from $6,666 thousand in Q3 2023[103] - Net income for the nine months ended September 30, 2024, decreased to $10,153 from $19,750 in 2023, representing a 49% decline[114] - Adjusted net income for the nine months ended September 30, 2024, was $19,471, down from $28,386 in 2023, a decrease of 31%[125] - Revenues for the nine months ended September 30, 2024, were $407,958, a decrease of 7% compared to $437,637 in 2023[114] - EBITDA for the nine months ended September 30, 2024, was $42,438, down from $54,042 in 2023, a decrease of 21%[126] - Adjusted EBITDA for the nine months ended September 30, 2024, was $48,404, compared to $60,255 in 2023, a decrease of 20%[126] - Organic revenue decreased by 13.9% during the year to date 2024[114] - Organic revenue decreased by 21.5% for the three months ended September 30, 2024, and 13.9% for the nine months ended September 30, 2024[132] Bookings and Backlog - Bookings decreased by 34.2% in Q3 2024 compared to the same period in 2023, primarily due to a significant order in the defense market received in Q3 2023[104] - Bookings for the nine months ended September 30, 2024, were $362,131, a decrease of 13% from $415,113 in 2023[114] - Backlog as of September 30, 2024, was $238,492, down 23% from $309,636 in 2023[114] Expenses and Cost Management - Engineering and development expenses decreased by 15% in Q3 2024 compared to Q3 2023, reflecting cost reduction actions[108] - Selling expenses increased by 5% in Q3 2024 compared to Q3 2023, primarily due to costs associated with recent acquisitions[106] - Total operating costs and expenses decreased by 8% in Q3 2024 compared to Q3 2023, amounting to $32,648 thousand[103] - Selling expenses increased by 5% during the nine months ended September 30, 2024, compared to 2023[117] Tax and Compliance - The effective tax rate for Q3 2024 was 22.6%, slightly down from 23.0% in Q3 2023[103] - The effective income tax rate for the nine months ended September 30, 2024, was 21.8%, down from 23.4% in 2023[124] - The Company was in compliance with all financial covenants as of September 30, 2024[141] Cash Flow and Investments - Cash and cash equivalents increased by $5,217 to $37,118 as of September 30, 2024, compared to December 31, 2023[136] - Net cash provided by operating activities for the nine months ended September 30, 2024, was $29,458, an increase of $2,326 from $27,132 in 2023[137] - Cash used in investing activities increased to $(32,134) for the nine months ended September 30, 2024, compared to $(18,854) in 2023, primarily due to a $20 million acquisition[139] Acquisitions and Strategic Initiatives - The company completed the acquisition of SNC in Q1 2024 and Sierramotion in Q3 2023, focusing on integrating these acquisitions for future growth[101] - The company expects annual cost savings of approximately $10 million from the "Simplify to Accelerate NOW" strategy, which aims to enhance efficiency and reduce working capital[100] Foreign Currency and Interest Rates - A hypothetical 10% change in the value of the U.S. dollar would have impacted sales by approximately $4,213 for the nine months ended September 30, 2024[147] - The company had foreign currency contracts with notional amounts of $24,438 as of September 30, 2024, and recorded losses of $461 and $380 on these contracts for the three and nine months ended September 30, 2024, respectively[149] - Interest on the Series A Notes will be payable quarterly at a fixed rate of 5.96% until maturity on March 21, 2031, with an amended rate of 6.46% from October 1, 2024, through September 30, 2025[150] - As of September 30, 2024, the company had $175,962 outstanding under the Revolving Facility, with $150,000 currently being hedged[152] - A hypothetical one percentage point change in the Base Rate on $25,962 of unhedged floating rate debt would impact interest expense by approximately $200 for the nine months ended September 30, 2024[152] - The company entered into interest rate swaps with a combined notional amount of $60,000 maturing in December 2024 and an additional swap of $40,000 maturing in December 2026[151] Internal Controls and Risk Factors - No changes in internal control over financial reporting materially affected the company during the quarter ended September 30, 2024[155] - Management concluded that disclosure controls and procedures were effective as of September 30, 2024[154] - There were no material changes to the risk factors disclosed in the company's Form 10-K for the year ended December 31, 2023[156] Translation Adjustments - Translation adjustments resulted in a gain of $5,805 for the three months ended September 30, 2024, compared to a loss of $2,923 for the same period in 2023[148] - For the nine months ended September 30, 2024, translation adjustments were a gain of $235, while a loss of $1,995 was recorded for the same period in 2023[148] Dividends - The Company declared dividends of $0.09 per share during the nine months ended September 30, 2024, compared to $0.085 per share in 2023[144]

Allient Inc. (NASDAQ:ALNT) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Deborah Pawlowski - Investor Relations Dick Warzala - Chairman, President & Chief Executive Officer Jim Michaud - Senior Vice President & Chief Financial Officer Conference Call Participants Danny Eggerichs - Craig-Hallum Brett Kearney - American Rebirth Opportunity Partners Ted Jackson - Northland Securities Operator Greetings and welcome to the Allient Inc., Second Quarter Fiscal Year 2024 Financial ...

Nasdaq: ALNT August 8, 2024 Second Quarter 2024 Financial Results Call Dick Warzala Chairman, President & CEO Jim Michaud Chief Financial Officer © Allient Inc. SAFE HARBOR STATEMENT The statements in this presentation that relate to future plans, events or performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, ...

Allient (ALNT) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -27.50%. A quarter ago, it was expected that this motion control product maker would post earnings of $0.51 per share when it actually produced earnings of $0.58, delivering a surprise of 13.73%.Over the last four quarters ...