Allient Inc reports results for the quarter ended December 31 - Earnings Summary

• Allient Inc ALNT.OQ reported quarterly adjusted earnings of 31 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 55 cents. The mean expectation of three analysts for the quarter was for earnings of 25 cents per share. Wall Street expected results to range from 25 cents to 26 cents per share.

• Revenue fell 13.5% to $122.01 million from a year ago; analysts expected $119.71 million.

• Allient Inc's reported EPS for the quarter was 18 cents​.

• The company reported quarterly net income of $3.01 million.

• Allient Inc shares had fallen by 4.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for Allient Inc is $30.00

This summary was machine generated from LSEG data March 5 at 11:21 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)