
Applied Industrial (AIT) Q1 Earnings: What To Expect

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Applied Industrial (AIT) will report Q1 earnings on Tuesday, with analysts expecting a 5% revenue growth year-on-year, an improvement from last year's 1.8%. The company previously missed revenue expectations, reporting $1.16 billion last quarter. Peers like Worthington and Gorman-Rupp have shown strong growth, with Worthington up 24.4% and Gorman-Rupp up 7.7%. Despite past misses, investor sentiment is positive, with AIT shares up 13.7% recently, and an average analyst price target of $305 compared to the current price of $293.37.
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