Benzinga | Oct 21, 2021 12:12PM EDT

Earnings Outlook For Altra Industrial Motion

Altra Industrial Motion (NASDAQ:AIMC) is set to give its latest quarterly earnings report on Friday, 2021-10-22. Here's what investors need to know before the announcement.

Analysts estimate that Altra Industrial Motion will likely report an Earnings Per Share (EPS) of $0.82

Altra Industrial Motion bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat on EPS by 9.88%, which was followed by a 0.0% drop in the share price the next day.

Here's a look at Altra Industrial Motion's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.81 0.76 0.69 0.46EPS Actual 0.89 0.86 0.76 0.87Price Change % -0.96% -7.33% -5.89% 10.8%

Stock Performance

Shares of Altra Industrial Motion were trading at $57.01 as of October 20. Over the last 52-week period, shares are up 26.28%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.