NASDAQ:ALNT - Nasdaq - US0193301092 - Common Stock - Currency: USD
Precision motion systems specialist Allient (NASDAQ:ALNT) will be reporting results tomorrow afternoon. Here’s what to look for.
Stocks trading between $10 and $50 can be particularly interesting as they frequently represent businesses that have survived their early challenges. However, investors should remain vigilant as some may still have unproven business models, leaving them vulnerable to the ebbs and flows of the broader market.
Shares of precision motion systems specialist Allient (NASDAQ:ALNT) jumped 8.3% in the morning session after the company reported impressive fourth quarter 2024 results which blew past analysts' sales and EPS expectations. In addition, its EBITDA outperformed Wall Street's estimates by a wide margin. Zooming out, we think this was a good quarter with some key areas of upside.
Its quarterly revenue fell 13% to $122 million compared to the year-ago quarter. However, its revenue exceeded Wall Street’s expectations of $119.7 million.
Precision motion systems specialist Allient (NASDAQ:ALNT) beat Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 13.5% year on year to $122 million. Its GAAP profit of $0.18 per share was significantly above analysts’ consensus estimates.
Precision motion systems specialist Allient (NASDAQ:ALNT) will be reporting results tomorrow after the bell. Here’s what to expect.
Northland upgraded Allient Inc. from Market Perform to Outperform and raised price forecast to $35, citing improving market and sales projections.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the electronic components industry, including Allient (NASDAQ:ALNT) and its peers.