Applied Industrial Technologies(US:AIT) Zacks Investment Researchยท2024-04-24 13:41Core Viewpoint - Applied Industrial Technologies, Inc (AIT) is positioned favorably for an upcoming earnings report, with analysts raising earnings estimates, indicating potential for an earnings beat [1][2] Earnings Estimates - The Most Accurate Estimate for AIT's current quarter is $2.41 per share, slightly above the Zacks Consensus Estimate of $2.40 per share, reflecting recent upward revisions by analysts [1] - AIT has a Zacks Earnings ESP of +0.63%, suggesting positive trends leading into the earnings season [1] Historical Performance - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have shown a positive surprise rate of nearly 70% and average annual returns exceeding 28% over the past decade [2] - AIT holds a Zacks Rank of 1 (Strong Buy), further enhancing its attractiveness to investors ahead of the earnings report [2]