Applied Industrial Technologies Earnings Preview: Get Ahead of the Analysts

Applied Industrial Technologies (NYSE:AIT) will report earnings before markets open on Thursday, May 2nd. Applied Industrial Technologies, Inc. distributes bearings and seals, power transmission and fluid power components, hydraulic and pneumatic components, industrial rubber products, linear components, and general maintenance items. The Company also provides engineering design and systems integration services, as well as mechanical, fabricated rubber, and fluid power shop services.

Here is your Cheat Sheet to Applied Industrial Technologies Earnings:

Earnings Expectations: Analysts expect earnings of $0.68 per share on revenues of $630.46 million. Currently, the company’s P/E ratio stands at 15.43.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.82 to a profit $0.78. For the current year, the average estimate is a profit of $2.8, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Applied Industrial Technologies has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 2,089 1,923 1,893 2,213 2,375
Diluted EPS ($) 2.19 0.99 1.54 2.24 2.54

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 570.40 605.46 620.01 610.52 589.52
Diluted EPS ($) 0.49 0.69 0.7491 0.70 0.64

Past Performance:
Applied Industrial Technologies has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)