Core Insights - Applied Industrial Technologies (AIT) reported quarterly earnings of $2.57 per share, exceeding the Zacks Consensus Estimate of $2.40 per share, and showing an increase from $2.48 per share a year ago, resulting in an earnings surprise of 7.08% [1] - The company achieved revenues of $1.17 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.51%, and up from $1.15 billion year-over-year [2] - The stock has gained approximately 1.6% since the beginning of the year, contrasting with the S&P 500's decline of 5.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.74, with expected revenues of $1.21 billion, and for the current fiscal year, the EPS estimate is $9.89 on revenues of $4.55 billion [7] - The estimate revisions trend for Applied Industrial Technologies is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Manufacturing - General Industrial industry, to which Applied Industrial Technologies belongs, is currently ranked in the bottom 42% of over 250 Zacks industries, suggesting potential challenges ahead [8]
Applied Industrial Technologies (AIT) Tops Q3 Earnings and Revenue Estimates