Wall Street analysts expect Allegion (ALLE) to post quarterly earnings of $1.68 per share in its upcoming report, which indicates a year-over-year increase of 8.4%. Revenues are expected to be $931.59 million, up 4.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some Allegion metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Net Revenues- Allegion International' should come in at $179.76 million. The estimate indicates a year-over-year change of -2.6%.
Analysts forecast 'Net Revenues- Allegion Americas' to reach $751.84 million. The estimate indicates a change of +6% from the prior-year quarter.
Analysts expect 'Adjusted Operating Income- Allegion Americas' to come in at $200.08 million. Compared to the current estimate, the company reported $197.30 million in the same quarter of the previous year.
The consensus among analysts is that 'Adjusted Operating Income- Allegion International' will reach $21.83 million. The estimate compares to the year-ago value of $19.30 million.
View all Key Company Metrics for Allegion here>>>
Shares of Allegion have experienced a change of -0.6% in the past month compared to the -5.6% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), ALLE is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Allegion PLC (ALLE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
