Financial News

Allient (ALNT) Reports Q3: Everything You Need To Know Ahead Of Earnings

ALNT Cover Image

Precision motion systems specialist Allient (NASDAQ:ALNT) will be announcing earnings results tomorrow after the bell. Here’s what you need to know.

Allient missed analysts’ revenue expectations by 2.6% last quarter, reporting revenues of $136 million, down 7.3% year on year. It was a disappointing quarter for the company, with a miss of analysts’ EBITDA and earnings estimates.

Is Allient a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Allient’s revenue to decline 14.3% year on year to $124.5 million, a reversal from the 8.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.23 per share.

Allient Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Allient has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Allient’s peers in the electronic components segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Vicor’s revenues decreased 13.6% year on year, beating analysts’ expectations by 9.3%, and Belden reported revenues up 4.5%, topping estimates by 1.7%. Vicor’s stock price was unchanged after the results, and Belden’s price followed a similar reaction.

Read our full analysis of Vicor’s results here and Belden’s results here.

Investors in the electronic components segment have had steady hands going into earnings, with share prices flat over the last month. Allient’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $29.33 (compared to the current share price of $18.21).

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