Applied Industrial: Q2 Earnings Insights

Applied Industrial AIT reported its Q2 earnings results on Thursday, January 27, 2022 at 06:30 AM.

Here's what investors need to know about the announcement.

Applied Industrial beat estimated earnings by 43.52%, reporting an EPS of $1.55 versus an estimate of $1.08, which surprised analysts.

Revenue was up $125.61 million from the same period last year.

Last quarter the company beat on EPS by $0.17, which was followed by a 2.32% increase in the share price the next day.

Here's a look at Applied Industrial's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	1.26	1.15	1.03	0.74
EPS Actual	1.43	1.44	1.37	0.98
Revenue Estimate	877.00M	841.55M	814.90M	732.92M
Revenue Actual	891.68M	895.89M	840.94M	751.29M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Applied Industrial management provided guidance for their next quarter, expecting earnings between $5.7 and $5.9 per share for the next quarter.

This represents a 274.19% in quarter-over-quarter growth for Applied Industrial, a bullish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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