Back to top

Allegion (ALLE) Beats on Q2 Earnings & Revenue Estimates
July 27, 2017

Read MoreHide Full Article

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

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>>




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Allegion PLC (ALLE) - free report >>


More from Zacks Tale of the Tape

You May Like