Applied Industrial Technologies (AIT) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Core Insights - Wall Street analysts expect Applied Industrial Technologies (AIT) to report quarterly earnings of $2.60 per share, reflecting a year-over-year decline of 1.5% [1] - Revenue is anticipated to be $1.18 billion, which indicates a 1.7% increase from the same quarter last year [1] Earnings Estimates - The consensus EPS estimate has been revised upward by 0.1% in the past 30 days, indicating a reassessment by covering analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions to the stock [3] Key Metrics Projections - Analysts project 'Net Sales- Engineered Solutions' to be $399.68 million, representing an 8.2% increase year-over-year [5] - The estimate for 'Net Sales- Service Center Based Distribution' is $780.86 million, suggesting a decline of 1.3% from the previous year [5] - 'Operating income- Service Center Based Distribution' is expected to reach $108.41 million, down from $111.39 million reported in the same quarter last year [6] - 'Operating income- Engineered Solutions' is projected at $57.14 million, slightly up from $56.57 million reported in the same quarter last year [6] Stock Performance - AIT shares have increased by 3.6% over the past month, outperforming the Zacks S&P 500 composite, which rose by 2.7% [7] - AIT holds a Zacks Rank 3 (Hold), indicating it is expected to closely follow overall market performance in the near term [7]