What Analyst Projections for Key Metrics Reveal About Allegion (ALLE) Q3 Earnings

Core Insights - Analysts project Allegion (ALLE) will report quarterly earnings of $2.21 per share, reflecting a 2.3% year-over-year increase, with revenues expected to reach $1.04 billion, a 7.1% increase from the same quarter last year [1]. Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been revised downward by 3.2%, indicating a collective reassessment by analysts of their initial forecasts [2]. - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Key Metrics Projections - Analysts project 'Net Revenues- Allegion International' to reach $210.04 million, representing a year-over-year change of +13.7% [5]. - 'Net Revenues- Allegion Americas' is estimated at $825.69 million, indicating a +5.5% change from the previous year [5]. - The consensus for 'Adjusted Operating Income- Allegion Americas' is $246.16 million, up from $231.10 million in the same quarter last year [6]. - 'Adjusted Operating Income- Allegion International' is projected at $28.12 million, compared to $25.20 million a year ago [6]. Stock Performance - Allegion shares have changed by +0.1% over the past month, compared to a +1.2% move of the Zacks S&P 500 composite [6]. - With a Zacks Rank 3 (Hold), Allegion is expected to mirror overall market performance in the near future [6].