Allegion Expects 9.5% Revenue Growth to $1.04B, $1.98 EPS
Analysts forecast Allegion’s Q4 revenue to climb 9.5% year-over-year to $1.04 billion with adjusted EPS of $1.98. The security hardware provider beat revenue estimates by 2.5% last quarter on $1.07 billion, while peers LSI and Thermon topped forecasts by 4.9% and 6.5%.
1. Q4 Earnings Forecast
Allegion will report Q4 results before the market opens, with analysts projecting revenue of $1.04 billion, a 9.5% increase year-over-year, and adjusted earnings of $1.98 per share. These estimates follow a trend of modest upside in recent quarters.
2. Q3 Performance Recap
In Q3, Allegion generated $1.07 billion in revenue, up 10.7% year-on-year, surpassing analysts’ revenue forecasts by 2.5%. The strong top-line growth reflected solid demand for security hardware products.
3. Peer Results Context
Segment peers LSI and Thermon reported flat and 9.6% revenue growth respectively, beating estimates by 4.9% and 6.5%, and saw share prices rise 8.6% and 9.2%. This positive peer momentum suggests a supportive backdrop for Allegion’s own results.
4. Analyst Sentiment and Targets
Analyst coverage has been stable over the past 30 days, signaling confidence in the company’s trajectory. Allegion shares have gained 10.1% over the last month and carry an average price target of $181.27.