Will Applied Industrial Technologies (AIT) Beat Estimates Again in Its Next Earnings Report?

Group 1 - Applied Industrial Technologies (AIT) has a strong history of beating earnings estimates, with an average surprise of 10.81% over the last two quarters [1] - In the most recent quarter, AIT reported earnings of $2.24 per share, exceeding the expected $2.11 per share by 6.16%, and in the previous quarter, it reported $2.39 per share against an estimate of $2.07 per share, resulting in a surprise of 15.46% [1] - Recent estimates for AIT have been increasing, and the Zacks Earnings ESP (Expected Surprise Prediction) is positive, indicating a strong potential for another earnings beat [2] Group 2 - The Zacks Earnings ESP for AIT is currently +0.63%, suggesting that analysts are optimistic about its near-term earnings potential [3] - AIT holds a Zacks Rank of 1 (Strong Buy), which, when combined with the positive Earnings ESP, indicates a high likelihood of another earnings beat [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]