Allient (ALNT) Reports Earnings Tomorrow: What To Expect

Precision motion systems specialist Allient (NASDAQ:ALNT) will be reporting earnings this Wednesday afternoon. Here’s what you need to know.

Allient beat analysts’ revenue expectations by 5% last quarter, reporting revenues of $139.6 million, up 2.6% year on year. It was a stunning quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ revenue estimates.

Is Allient a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Allient’s revenue to grow 7.2% year on year to $134.2 million, a reversal from the 13.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.49 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Allient has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 5.4% on average.

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. Vicor delivered year-on-year revenue growth of 18.5%, beating analysts’ expectations by 15.7%, and Bel Fuse reported revenues up 44.8%, topping estimates by 3.7%. Vicor traded up 30.1% following the results while Bel Fuse was down 2.9%.

Read our full analysis of Vicor’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 up 30.2% during the same time and is heading into earnings with an average analyst price target of $48.75 (compared to the current share price of $56.15).

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