Albany International (AIN) Surpasses Q4 Earnings and Revenue Estimates

Company Performance - Albany International reported quarterly earnings of $1.22 per share, exceeding the Zacks Consensus Estimate of $0.84 per share, and up from $0.75 per share a year ago, representing an earnings surprise of 45.24% [1] - The company posted revenues of $323.58 million for the quarter ended December 2023, surpassing the Zacks Consensus Estimate by 7.13%, compared to year-ago revenues of $268.79 million [1] - Over the last four quarters, Albany International has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [1] Future Outlook - The current consensus EPS estimate for the coming quarter is $0.94 on revenues of $293.13 million, and for the current fiscal year, it is $4.07 on revenues of $1.3 billion [4] - The estimate revisions trend for Albany International is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] Industry Context - The Textile - Products industry, to which Albany International belongs, is currently in the bottom 14% of over 250 Zacks industries, suggesting potential challenges ahead [5] - The performance of Albany International's stock may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [5]