Will Allegion (ALLE) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Allegion (ALLE) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of surpassing expectations [1][2]. Group 1: Earnings Performance - Allegion has consistently exceeded earnings estimates, with an average surprise of 10.23% over the last two quarters [1]. - In the last reported quarter, Allegion achieved earnings of $1.68 per share, surpassing the Zacks Consensus Estimate of $1.57 per share by 7.01% [1]. - In the previous quarter, Allegion reported earnings of $1.94 per share against an expected $1.71 per share, resulting in a surprise of 13.45% [1]. Group 2: Earnings Estimates and Predictions - Recent changes in earnings estimates for Allegion have been favorable, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [2][3]. - The current Earnings ESP for Allegion is +0.22%, suggesting that analysts have become more optimistic about the company's earnings prospects [3]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [2]. Group 3: Upcoming Earnings Report - Allegion's next earnings report is expected to be released on April 25, 2024 [3].