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Allegion (ALLE) Misses on Both Earnings & Sales in Q3
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Allegion plc (ALLE - Free Report) is a leading global provider of security products and solutions for business and domestic purposes. The company offers an extensive portfolio of mechanical and electronic security products and boasts a diverse range of market-leading brands, including CISA, Interflex, aptiQ, LCN, Schlage and Von Duprin.
Investors should note that earnings estimate movement for ALLE has been stable for the last 60 days. However, ALLE has an impressive earnings history. The company has posted positive earnings surprise in three of the past four quarters, with an average positive surprise of 11.58%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: ALLE missed on earnings . Our consensus earnings estimate called for EPS of 95 cents /share, and the company reported EPS of 93 cents instead. Investors should note that these figures take out stock option expenses.
Revenues: ALLE reported revenues of $581.1 million. This missed our consensus estimate of $586.8 million.
Key Stats to Note: Adjusted operating margin of 21.8%, up 30 basis points year over year due to favorable price, material deflation, productivity, product mix and volume leverage that more than offset increased investments and inflation.
Check back later for our full write up on this ALLE earnings report later.
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Allegion (ALLE) Misses on Both Earnings & Sales in Q3
Allegion plc (ALLE - Free Report) is a leading global provider of security products and solutions for business and domestic purposes. The company offers an extensive portfolio of mechanical and electronic security products and boasts a diverse range of market-leading brands, including CISA, Interflex, aptiQ, LCN, Schlage and Von Duprin.
Investors should note that earnings estimate movement for ALLE has been stable for the last 60 days. However, ALLE has an impressive earnings history. The company has posted positive earnings surprise in three of the past four quarters, with an average positive surprise of 11.58%.
Currently, ALLE has a Zacks Rank #2 (Buy), but that could definitely change following Allegion’ earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
ALLEGION PLC Price and EPS Surprise
ALLEGION PLC Price and EPS Surprise | ALLEGION PLC Quote
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: ALLE missed on earnings . Our consensus earnings estimate called for EPS of 95 cents /share, and the company reported EPS of 93 cents instead. Investors should note that these figures take out stock option expenses.
Revenues: ALLE reported revenues of $581.1 million. This missed our consensus estimate of $586.8 million.
Key Stats to Note: Adjusted operating margin of 21.8%, up 30 basis points year over year due to favorable price, material deflation, productivity, product mix and volume leverage that more than offset increased investments and inflation.
Check back later for our full write up on this ALLE earnings report later.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand.Click to see them now>>