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Allegion (ALLE) Beats on Q2 Earnings & Revenue 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.
Investors should note that earnings estimate movement for ALLE has moved north by 1 cent, over the past 60 days. The company has posted positive earnings surprise in only two of the past four quarters, with an average positive surprise of 2.01%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: ALLE surpassed on earnings. The Zacks Consensus estimate called for EPS of $1.00/share, and the company reported adjusted EPS of $1.11 instead.
Revenues: ALLE reported revenues of $627 million. This surpassed the consensus estimate of $613.4 million.
Check back later for our full write up on this ALLE earnings report later.
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artifical intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>
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Allegion (ALLE) Beats on Q2 Earnings & Revenue 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.
Investors should note that earnings estimate movement for ALLE has moved north by 1 cent, over the past 60 days. The company has posted positive earnings surprise in only two of the past four quarters, with an average positive surprise of 2.01%.
Currently, ALLE has a Zacks Rank #2 (Buy), but that could definitely change following Allegion’s earnings report which was just released. 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: ALLE surpassed on earnings. The Zacks Consensus estimate called for EPS of $1.00/share, and the company reported adjusted EPS of $1.11 instead.
Allegion PLC Price and EPS Surprise
Allegion PLC Price and EPS Surprise | Allegion PLC Quote
Revenues: ALLE reported revenues of $627 million. This surpassed the consensus estimate of $613.4 million.
Check back later for our full write up on this ALLE earnings report later.
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artifical intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>