Top Wall Street Forecasters Revamp Applied Industrial Technologies Expectations Ahead Of Q4 Earnings

Analysts expect the Cleveland, Ohio-based company to report quarterly earnings of $2.92 per share, up from $2.80 per share in the year-ago period. The consensus estimate for AIT’s quarterly revenue is $1.29 billion. It reported $1.22 billion last year, according to Benzinga Pro.

On April 28, Applied Industrial posted better-than-expected third-quarter sales. Shares of Applied Industrial Technologies fell slightly to close at $352.29 on Wednesday.