Precision motion systems specialist Allient (NASDAQ:ALNT) will be announcing earnings results this Wednesday after the bell. Here’s what to expect.
Allient beat analysts’ revenue expectations last quarter, reporting revenues of $153.8 million, up 10.2% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Is Allient a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Allient’s revenue to grow 11.9% year on year, improving from the 10.8% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Allient has a history of exceeding Wall Street’s expectations.
Looking at Allient’s peers in the electronic components segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Advanced Energy delivered year-on-year revenue growth of 50.3%, beating analysts’ expectations by 7.8%, and Bel Fuse reported revenues up 23.2%, topping estimates by 1.6%. Bel Fuse traded up 4.1% following the results.
Read our full analysis of Advanced Energy’s results here and Bel Fuse’s results here.
Investors in the electronic components segment have had steady hands going into earnings, with share prices flat over the last month. Allient is down 26.6% during the same time and is heading into earnings with an average analyst price target of $118 (compared to the current share price of $87.03).
ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.
AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.