Applied Industrial Technologies (AIT) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Wall Street analysts expect Applied Industrial Technologies (AIT) to post quarterly earnings of $2.60 per share in its upcoming report, which indicates a year-over-year decline of 1.5%. Revenues are expected to be $1.18 billion, up 1.7% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.With that in mind, let's delve into the average projections of some Applied Industrial Technologies metrics that are commonly tracked and projected by analysts on Wall Street.According to the collective judgment of analysts, 'Net Sales- Engineered Solutions' should come in at $399.68 million. The estimate points to a change of +8.2% from the year-ago quarter.The average prediction of analysts places 'Net Sales- Service Center Based Distribution' at $780.86 million. The estimate suggests a change of -1.3% year over year.It is projected by analysts that the 'Operating income- Service Center Based Distribution' will reach $108.41 million. Compared to the present estimate, the company reported $111.39 million in the same quarter last year.The combined assessment of analysts suggests that 'Operating income- Engineered Solutions' will likely reach $57.14 million. Compared to the present estimate, the company reported $56.57 million in the same quarter last year. View all Key Company Metrics for Applied Industrial Technologies here>>> Applied Industrial Technologies shares have witnessed a change of +3.6% in the past month, in contrast to the Zacks S&P 500 composite's +2.7% move. With a Zacks Rank #3 (Hold), AIT is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks