Precision motion systems specialist Allient (NASDAQ:ALNT) will be reporting earnings this Wednesday afternoon. Here’s what to expect.
Allient beat analysts’ revenue expectations last quarter, reporting revenues of $143.4 million, up 17.5% year on year. It was an incredible quarter for the company, with an impressive 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 4.2% year on year, a reversal from the 9.5% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Allient rarely misses Wall Street’s revenue estimates.
Looking at Allient’s peers in the electronic components segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Bel Fuse delivered year-on-year revenue growth of 17.2%, beating analysts’ expectations by 3.3%, and Belden reported revenues up 11.4%, topping estimates by 1.9%. Bel Fuse traded up 6.3% following the results while Belden was down 10.5%.
Read our full analysis of Bel Fuse’s results here and Belden’s results here.
There has been positive sentiment among investors in the electronic components segment, with share prices up 7.6% on average over the last month. Allient is up 26% during the same time and is heading into earnings with an average analyst price target of $69.10 (compared to the current share price of $75.87).
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