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What Makes Allegion (ALLE) a Strong Momentum Stock: Buy Now?
ZACKS· 2025-07-29 17:00
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...
Allegion (ALLE) Q1 Earnings and Revenues Top Estimates
ZACKS· 2025-04-24 12:10
Earnings Performance - Allegion reported quarterly earnings of $1.86 per share, exceeding the Zacks Consensus Estimate of $1.68 per share, and up from $1.55 per share a year ago, representing an earnings surprise of 10.71% [1] - The company posted revenues of $941.9 million for the quarter, surpassing the Zacks Consensus Estimate by 1.11%, and an increase from $893.9 million year-over-year [2] Market Comparison - Allegion shares have declined approximately 3.2% since the beginning of the year, while the S&P 500 has seen a decline of 8.6% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2 on revenues of $990.15 million, and for the current fiscal year, it is $7.69 on revenues of $3.86 billion [7] - The Zacks Industry Rank indicates that the Security and Safety Services sector is in the bottom 28% of over 250 Zacks industries, suggesting potential challenges ahead [8] Estimate Revisions - The estimate revisions trend for Allegion is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6]