On Thursday 24th October 2024, Applied Industrial Technologies (NYSE: AIT) will release its highly anticipated first quarter financial results. This important announcement is scheduled to occur before market open.
As per the predictions of financial analysts on Wall Street, the company is set to report an estimated per share $2.25 profit for the first quarter. Additionally, the company is projected to unveil a revenue of $1.09 billion for the period.
When examining the corresponding quarter from the previous year, the company's earnings report highlighted a per-share income of $2.39. This results was derived from the company's total revenue, which reached an impressive $1.1 billion during same quarter.
Wall Street analysts have shared their forecasts for the company's annual performance, predicting a total revenue of $4.52 billion. Additionally, they expect the company to post profit of $9.67 per share for the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q4 2024 | $2.64 | +12.3% | 1.16 B | +0.3% |
| Q3 2024 | $2.48 | +4.2% | 1.15 B | +1.2% |
| Q2 2024 | $2.24 | +0.9% | 1.08 B | +1.6% |
| Q1 2024 | $2.39 | +11.2% | 1.10 B | +3.1% |
| Q4 2023 | $2.35 | +4.9% | 1.16 B | +9.1% |
| *Growth on year-over-year basis | ||||
AIT has scheduled a conference call on 24th October 2024 at 10:00 AM eastern time to discuss the first quarter financial results and other related information.
Applied Industrial Technologies (AIT) closed Tuesday's regular trading session at $226.23, reflecting a 1.63 percent drop, with a volume of 238.60 thousand shares.
