Albany International (AIN - Free Report) reported $274.12 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 4.9%. EPS of $0.90 for the same period compares to $1.06 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $263.42 million, representing a surprise of +4.07%. The company delivered an EPS surprise of -1.10%, with the consensus EPS estimate being $0.91.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Albany International performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Albany Engineered Composites: $114.91 million compared to the $110.80 million average estimate based on two analysts. The reported number represents a change of +4.8% year over year.
- Revenue- Machine Clothing: $159.22 million versus the two-analyst average estimate of $152.62 million. The reported number represents a year-over-year change of +5%.
- Operating income (Loss)- Albany Engineered Composites: $8.67 million versus $8.46 million estimated by two analysts on average.
- Operating Income (Loss)- Machine Clothing: $53.73 million versus the two-analyst average estimate of $48.69 million.
View all Key Company Metrics for Albany International here>>>Shares of Albany International have returned +4.8% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Albany International (AIN - Free Report) reported $274.12 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 4.9%. EPS of $0.90 for the same period compares to $1.06 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $263.42 million, representing a surprise of +4.07%. The company delivered an EPS surprise of -1.10%, with the consensus EPS estimate being $0.91.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Albany International performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Albany Engineered Composites: $114.91 million compared to the $110.80 million average estimate based on two analysts. The reported number represents a change of +4.8% year over year.
- Revenue- Machine Clothing: $159.22 million versus the two-analyst average estimate of $152.62 million. The reported number represents a year-over-year change of +5%.
- Operating income (Loss)- Albany Engineered Composites: $8.67 million versus $8.46 million estimated by two analysts on average.
- Operating Income (Loss)- Machine Clothing: $53.73 million versus the two-analyst average estimate of $48.69 million.
View all Key Company Metrics for Albany International here>>>Shares of Albany International have returned +4.8% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Get the latest research report on AIN - FREE