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Allegion (ALLE) Q1 Earnings Miss, Revenues Beat 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 for the current-year has remained stable over the past 60 days. However, the company has posted positive earnings surprise in three of the past four quarters, with an average positive surprise of 8.7%.

Currently, ALLE has a Zacks Rank #3 (Hold), 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’s adjusted first quarter EPS of 80 cents missed the Zacks Consensus Estimate of 84 cents per share.

Revenues: ALLE reported revenues of $613.1 million. This surpassed the consensus estimate of $606.9 million

Key Stats to Note: Revenues increased 3.3% on an organic basis, lower than 6.1% in the previous quarter.

Allegion PLC Price and EPS Surprise

Check back later for our full write up on this ALLE earnings report later.

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