Allient Q2 revenue beats estimates on industrial automation, data center growth
ALNT•Q2 revenue and profit beat estimates
Allient said second-quarter revenue rose 10% and beat analyst expectations, while adjusted EPS for the quarter rose to $0.80.
The company reported record gross margin and 49% year-over-year order growth.
Key reported figures and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $153.77 million | $145.69 million (5 analysts) |
| Q2 EPS | $0.62 | ||
| Q2 Net Income | $10.39 million | ||
| Q2 Gross Profit | $53.59 million | ||
| Q2 Operating Income | $15.61 million | ||
| Q2 Pretax Profit | $13.02 million |
The current average analyst rating on the shares is buy, with 4 strong buy or buy ratings, 1 hold, and no sell or strong sell ratings.
The average consensus recommendation for the electrical components and equipment peer group is buy.
Wall Street's median 12-month price target for Allient Inc is $72.50, about 23.3% below its August 4 closing price of $94.56.
The stock recently traded at 33 times next 12-month earnings versus a P/E of 27 three months ago.
