Home Earnings Preview A Sneak Peek At Applied Industrial Technologies, Inc. ($AIT) 1Q21 Earnings

A Sneak Peek At Applied Industrial Technologies, Inc. ($AIT) 1Q21 Earnings

Applied Industrial Technologies, Inc. (NYSE:AIT) is reporting first quarter earnings results on Wednesday 28th October 2020, before market open.

The consensus estimates from Thomson Reuters are income of $ 0.62 per share.

For the full year, analysts predict revenues of $ 3024.19 million, while looking forward to income of $ 3.09 per share.

Previous Quarter Performance

Applied Industrial Technologies, Inc. revealed income for the fourth quarter of $ 0.80 per share, from the revenue of $ 725.08 million. The quarterly earnings down 33.33 percent while revenues down 17.86 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.68 per share from $ 739.39 million in revenue. The bottom line results beat street analysts by $ 0.12 or 17.65 percent, at the same time, top line results fell short of analysts by $ 14.31 million or 1.94 percent.

Stock Performance

Shares of Applied Industrial Technologies, Inc. traded low $ -0.85 or -1.40 percent on Tuesday, reaching $ 59.99 with volume of 143.50 thousand shares. Applied Industrial Technologies, Inc. has traded high as $ 60.75 and has cracked $ 59.73 on the downward trend

According to the previous trading day, closing price of $ 59.99, representing a 98.43 % increase from the 52 week low of $ 30.66 and a 13.85 % decrease over the 52 week high of $ 70.62.

The company has a market capital of $ 2.33 billion and is part of the Industrials sector and Industrial Distribution industry.

Conference Call

Applied Industrial Technologies, Inc. will be hosting a conference call at 10:00 AM eastern time on 28th October 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.applied.com

Applied Industrial Technologies, Inc. distributes industrial products in North America, Australia, New Zealand, and Singapore. The company offers its products for maintenance, repair, and operational, as well as original equipment manufacturing customers.