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Allegion (ALLE) Beats on Q2 Earnings and Sales Estimates
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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.
However, supply chain disruptions delaying construction projects and workforce shortage are major concerns for the company.
Allegion delivered better-than-expected results in two of the last four quarters, while lagging estimate in one and posting in-line results in one. Average earnings surprise was a positive 6.08%.
Investors should note that earnings estimate for Allegion for the current-year has remained stable over the past 60 days. Currently, the company carries a Zacks Rank #3 (Hold), but that could definitely change following the release of second-quarter 2018 results. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Allegion’s adjusted second quarter earnings per share of $1.25 surpassed the Zacks Consensus Estimate of $1.20 per share.
Revenues: Allegion’s reported revenues of $704.7 million. This surpassed the Zacks Consensus Estimate of $699.7 million.
Key Stats to Note: For 2018, the company anticipates adjusted earnings per share guidance to be within $4.35-$4.50 range, with organic sale growth within 4-5%. Total revenues will likely grow by 12.5-13.5%.
Stock Price: Allegion’s shares were up roughly 0.3% ahead of the report.
Check back our full write up on this ALLE earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Allegion (ALLE) Beats on Q2 Earnings and Sales Estimates
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.
However, supply chain disruptions delaying construction projects and workforce shortage are major concerns for the company.
Allegion delivered better-than-expected results in two of the last four quarters, while lagging estimate in one and posting in-line results in one. Average earnings surprise was a positive 6.08%.
Allegion PLC Price, Consensus and EPS Surprise
Allegion PLC Price, Consensus and EPS Surprise | Allegion PLC Quote
Investors should note that earnings estimate for Allegion for the current-year has remained stable over the past 60 days. Currently, the company carries a Zacks Rank #3 (Hold), but that could definitely change following the release of second-quarter 2018 results. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Allegion’s adjusted second quarter earnings per share of $1.25 surpassed the Zacks Consensus Estimate of $1.20 per share.
Revenues: Allegion’s reported revenues of $704.7 million. This surpassed the Zacks Consensus Estimate of $699.7 million.
Key Stats to Note: For 2018, the company anticipates adjusted earnings per share guidance to be within $4.35-$4.50 range, with organic sale growth within 4-5%. Total revenues will likely grow by 12.5-13.5%.
Stock Price: Allegion’s shares were up roughly 0.3% ahead of the report.
Check back our full write up on this ALLE earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>