Insights Into Applied Industrial Technologies (AIT) Q4: Wall Street Projections for Key Metrics

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]