Insights Into Applied Industrial Technologies (AIT) Q3: Wall Street Projections for Key Metrics

Core Viewpoint - Wall Street analysts anticipate a quarterly earnings per share (EPS) of $2.40 for Applied Industrial Technologies (AIT), reflecting a year-over-year decline of 3.2%, while revenues are projected to be $1.16 billion, an increase of 1.3% from the previous year [1] Group 1: Earnings and Revenue Estimates - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analysts' projections [1] - Analysts expect 'Net Sales- Engineered Solutions' to reach $394.23 million, representing a year-over-year increase of 10.4% [4] - The estimate for 'Net Sales- Service Center Based Distribution' is projected at $766.60 million, indicating a decline of 2.9% from the prior-year quarter [4] Group 2: Operating Income Projections - The consensus for 'Operating income- Engineered Solutions' is estimated at $55.08 million, up from $49.51 million reported in the same quarter last year [5] - Analysts project 'Operating income- Service Center Based Distribution' to be $99.49 million, slightly down from $100.47 million reported in the same quarter of the previous year [5] Group 3: Stock Performance - Over the past month, AIT shares have increased by 5.8%, contrasting with a decline of 0.8% in the Zacks S&P 500 composite [6] - AIT holds a Zacks Rank of 3 (Hold), suggesting that its performance is expected to align with the overall market in the near future [6]