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Allegion's (ALLE) Q3 Earnings Meet, Revenues Miss 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 for the current-year has moved north by 0.8%, 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 1.95%.
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’s adjusted third quarter EPS were in line with the Zacks Consensus Estimate of $1.02/share.
Allegion PLC Price and EPS Surprise
Allegion PLC Price and EPS Surprise | Allegion PLC Quote
Revenues: ALLE reported revenues of $609.4 million. This missed the consensus estimate of $618.8 million
Key Stats to Note: Revenues increased 2.7% on an organic basis, lower than 6.2% in the previous quarter.
Check back later for our full write up on this ALLE earnings report later.
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