Precision motion systems specialist Allient (NASDAQ: ALNT) will be reporting results this Wednesday afternoon. Here’s what to expect.
Allient beat analysts’ revenue expectations by 5.7% last quarter, reporting revenues of $132.8 million, down 9.5% year on year. It was an incredible quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Allient a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Allient’s revenue to decline 2.3% year on year to $132.9 million, improving from the 7.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.47 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Allient has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Allient’s peers in the electronic components segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Bel Fuse delivered year-on-year revenue growth of 26.3%, beating analysts’ expectations by 10.1%, and Littelfuse reported revenues up 9.8%, topping estimates by 6.8%. Bel Fuse traded up 18.8% following the results while Littelfuse was also up 9.1%.
Read our full analysis of Bel Fuse’s results here and Littelfuse’s results here.
Investors in the electronic components segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. Allient is up 4.7% during the same time and is heading into earnings with an average analyst price target of $37.33 (compared to the current share price of $39.67).
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