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Shareholders might have noticed that Applied Industrial Technologies, Inc. (NYSE:AIT) filed its quarterly result this time last week. The early response was not positive, with shares down 4.7% to US$227 in the past week. Applied Industrial Technologies reported US$1.2b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of US$2.57 beat expectations, being 6.6% higher than what the analysts expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
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Following the latest results, Applied Industrial Technologies' eight analysts are now forecasting revenues of US$4.82b in 2026. This would be a satisfactory 7.2% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to rise 4.9% to US$10.71. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$4.91b and earnings per share (EPS) of US$10.84 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
See our latest analysis for Applied Industrial Technologies
The analysts reconfirmed their price target of US$278, showing that the business is executing well and in line with expectations. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Applied Industrial Technologies at US$300 per share, while the most bearish prices it at US$250. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Applied Industrial Technologies' past performance and to peers in the same industry. It's pretty clear that there is an expectation that Applied Industrial Technologies' revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 5.7% growth on an annualised basis. This is compared to a historical growth rate of 8.8% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 6.1% annually. So it's pretty clear that, while Applied Industrial Technologies' revenue growth is expected to slow, it's expected to grow roughly in line with the industry.