Allient Inc reports results for the quarter ended June 30 - Earnings Summary

• Allient Inc ALNT.OQ reported quarterly adjusted earnings of 57 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 29 cents. The mean expectation of three analysts for the quarter was for earnings of 47 cents per share. Wall Street expected results to range from 46 cents to 49 cents per share.

• Revenue rose 2.6% to $139.58 million from a year ago; analysts expected $132.89 million.

• Allient Inc's reported EPS for the quarter was 34 cents​.

• The company reported quarterly net income of $5.62 million.

• Allient Inc shares had risen by 9.6% this quarter and gained 63.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Allient Inc is $35.00, about 14.6% below its last closing price of $40.11

This summary was machine generated from LSEG data August 7 at 02:45 a.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)