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Allegion's (ALLE) Q3 Earnings Meet, Revenues Miss Estimates

Allegion plcALLE 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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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