For the quarter ended September 2023, Albany International (AIN - Free Report) reported revenue of $281.11 million, up 7.9% over the same period last year. EPS came in at $1.02, compared to $1.15 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $261.24 million, representing a surprise of +7.60%. The company delivered an EPS surprise of +12.09%, with the consensus EPS estimate being $0.91.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: $114.52 million versus $104.17 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.9% change.
- Revenue- Machine Clothing: $166.59 million versus the two-analyst average estimate of $157.07 million. The reported number represents a year-over-year change of +8.6%.
- Operating income (Loss)- Albany Engineered Composites: $9.37 million versus $10.33 million estimated by two analysts on average.
- Operating Income (Loss)- Machine Clothing: $50.71 million versus $49.49 million estimated by two analysts on average.
View all Key Company Metrics for Albany International here>>>Shares of Albany International have returned +3% over the past month versus the Zacks S&P 500 composite's +3.1% 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.
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For the quarter ended September 2023, Albany International (AIN - Free Report) reported revenue of $281.11 million, up 7.9% over the same period last year. EPS came in at $1.02, compared to $1.15 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $261.24 million, representing a surprise of +7.60%. The company delivered an EPS surprise of +12.09%, with the consensus EPS estimate being $0.91.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: $114.52 million versus $104.17 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.9% change.
- Revenue- Machine Clothing: $166.59 million versus the two-analyst average estimate of $157.07 million. The reported number represents a year-over-year change of +8.6%.
- Operating income (Loss)- Albany Engineered Composites: $9.37 million versus $10.33 million estimated by two analysts on average.
- Operating Income (Loss)- Machine Clothing: $50.71 million versus $49.49 million estimated by two analysts on average.
View all Key Company Metrics for Albany International here>>>Shares of Albany International have returned +3% over the past month versus the Zacks S&P 500 composite's +3.1% 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.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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