The upcoming report from Allegion (ALLE) is expected to reveal quarterly earnings of $2.00 per share, indicating an increase of 2% compared to the year-ago period. Analysts forecast revenues of $1 billion, representing an increase of 3.7% year over year.
The consensus EPS estimate for the quarter has undergone an upward revision of 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.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision 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.
Bearing this in mind, let's now explore the average estimates of specific Allegion metrics that are commonly monitored and projected by Wall Street analysts.
The average prediction of analysts places 'Net Revenues- Allegion International' at $191.03 million. The estimate suggests a change of -2% year over year.
According to the collective judgment of analysts, 'Net Revenues- Allegion Americas' should come in at $810.65 million. The estimate indicates a year-over-year change of +5.2%.
Analysts predict that the 'Adjusted Operating Income- Allegion Americas' will reach $235.90 million. Compared to the present estimate, the company reported $226.20 million in the same quarter last year.
It is projected by analysts that the 'Adjusted Operating Income- Allegion International' will reach $22.72 million. The estimate is in contrast to the year-ago figure of $23.60 million.
View all Key Company Metrics for Allegion here>>>
Shares of Allegion have demonstrated returns of +11% over the past month compared to the Zacks S&P 500 composite's +5.4% change. With a Zacks Rank #3 (Hold), ALLE is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Allegion PLC (ALLE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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