Analyst Consensus ?
ConsensusHold24 ratings
Bullish1041.7%
Neutral1458.3%
Bearish00.0%
Allegion plc · ALLE · FY2024 Q2 · Calendar Q3 2024
Allegion raises outlook as Q2 growth and margins accelerate
The current analysis supports a constructive but qualified view: Allegion combined Q2 growth with margin expansion and a full-year guidance raise, while demand, mix, cost volatility, and integration remain important tests.
Reported Before market openNYSEIndustrials
$15.22B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.96
Consensus $1.84
EPS surprise
+6.5%
Reported versus consensus
Reported revenue
$965.6M
Consensus $953.6M
Revenue surprise
+1.3%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+0.5%
Event window
SPY move
-2.3%
Same window
Abnormal move
+2.8%
Stock minus SPY
Volume
2.1×
Versus trailing sessions
Subsequent drift
+5.2%
Up to 20 sessions
ALLESPY benchmark
Ask FN2 about ALLE FY2024 Q2
Transcript, numbers and history already loaded
Why did ALLE rise 0.5% after beating EPS estimates in FY2024 Q2?What changed in ALLE's guidance and outlook in FY2024 Q2?Give me the bull and bear case for ALLE after FY2024 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, the outlook moved from maintained to raised. The current analysis also emphasizes four accretive bolt-on acquisitions, new Schlage indication products, and two Mexico factories ramping production.
Guidance delta
Raised full-year revenue-growth outlook to 2.5%-3.5% and adjusted EPS guidance to $7.15-$7.30.
Key takeaways
- Q2 revenue grew 5.8% year over year to $965.6 million, while adjusted EPS rose 11% to $1.96.
- Operating and EBITDA margins expanded, supported by price realization and productivity gains.
- Electronic locks, institutional demand, acquisitions, and new manufacturing capacity are central to the growth story.
Management priorities
- Scale electronic locks and mobile credentialing capabilities.
- Integrate bolt-on acquisitions and ramp new factories in Mexico.
- Balance reinvestment, dividends, and share repurchases.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$178.98Current
$115Low
$151.23Average
$196High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 24, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Neutral | Neutral | Maintain | Oct 23, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Oct 23, 2026 |
| B of A Securities | Buy | Neutral | Upgrade | Oct 23, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Aug 10, 2026 |
| Baird | Neutral | Neutral | Maintain | Jul 24, 2026 |
| Longbow Research | Buy | Neutral | Upgrade | Jun 11, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Apr 29, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Apr 1, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Sep 16, 2025 |
| Mizuho | Neutral | Neutral | Maintain | Jul 25, 2025 |
| UBS | Neutral | Neutral | Maintain | Apr 16, 2024 |
| Vertical Research | Hold | Buy | Downgrade | Oct 19, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Oct 28, 2022 |
| Atlantic Equities | Overweight | Overweight | Maintain | Nov 29, 2021 |
| William Blair | Perform | Market Perform | Maintain | Jun 3, 2020 |
| Imperial Capital | Neutral | Neutral | Maintain | Apr 27, 2020 |
| Berenberg | Hold | Buy | Downgrade | May 2, 2018 |
| Bank of America | Buy | Buy | Maintain | Jul 20, 2017 |
| Wolfe Research | Perform | Peer Perform | Maintain | Jul 11, 2017 |
| CLSA | Outperform | Buy | Maintain | Oct 17, 2016 |
| Bernstein | Outperform | Market Perform | Upgrade | Jan 19, 2016 |
| Susquehanna | Neutral | Neutral | Maintain | Nov 2, 2015 |
| S&P Capital IQ | Buy | Buy | Maintain | Jan 16, 2014 |
| MKM Partners | Buy | Buy | Maintain | Jan 8, 2014 |
Named analyst price targets
Upside is calculated against the persisted current price $178.98. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Mizuho Securities | Brett Linzey | $180 | $176.52 | +0.6% | Oct 23, 2026 |
| Robert W. Baird | Analyst unavailable | $196 | $176.52 | +9.5% | Oct 23, 2026 |
| Evercore ISI | Alexander Virgo | $180 | $151.36 | +0.6% | Sep 22, 2026 |
| Robert W. Baird | Timothy Wojs | $170 | $154.57 | -5.0% | Jul 24, 2026 |
| Morgan Stanley | Christopher Snyder | $142 | $129.03 | -20.7% | Jun 3, 2026 |
| Robert W. Baird | Timothy Wojs | $165 | $137.86 | -7.8% | Apr 29, 2026 |
| Barclays | Analyst unavailable | $180 | $161.84 | +0.6% | Jan 7, 2026 |
| Robert W. Baird | Analyst unavailable | $190 | $177.97 | +6.2% | Oct 21, 2025 |
| Barclays | Analyst unavailable | $126 | $130.38 | -29.6% | Mar 26, 2025 |
| Barclays | Julian Mitchell | $134 | $127.42 | -25.1% | Jan 8, 2025 |
| Barclays | Julian Mitchell | $116 | $120.5 | -35.2% | Jun 4, 2024 |
| Morgan Stanley | Joshua Pokrzywinski | $115 | $112.26 | -35.7% | Jun 3, 2022 |
| Credit Suisse | Analyst unavailable | $127 | $114.23 | -29.0% | Apr 27, 2022 |
| Morgan Stanley | Analyst unavailable | $120 | $114.43 | -33.0% | Apr 27, 2022 |
| Wells Fargo | Analyst unavailable | $130 | $113.9 | -27.4% | Apr 27, 2022 |
| Barclays | Julian Mitchell | $150 | $110.13 | -16.2% | Apr 5, 2022 |
| Wells Fargo | Joseph O’Dea | $147 | $115.24 | -17.9% | Feb 16, 2022 |
| UBS | Christopher Snyder | $145 | $137.93 | -19.0% | Jul 23, 2021 |
Track every rating change on ALLE the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationAllegion plc engages in the provision of security products and solutions worldwide. It is operating through two segments: Allegion Americas and Allegion International. The company offers door controls, door control system, and exit devices; doors, glass and door systems, and accessories; electronic security products and access control systems, including time, attendance, and workforce productivity; and locks, locksets, portable locks, and key systems. It also provides services and software, such as inspection, maintenance, and repair services for its automatic entrance solutions; software as a service, including access control, platform integration, and workforce management solutions; and ongoing aftermarket services, and design…
Historical context
All ALLE earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FIX Comfort Systems USA, Inc. | FY2026 Q3 · Calendar Q4 2026 | +8.2% | -8.5% | Comfort Systems USA: Strong Growth, Record Backlog, Margin Watchpoints |
| BE Bloom Energy Corporation | FY2026 Q3 · Calendar Q4 2026 | +36.0% | -8.7% | Bloom Energy Raises Outlook as AI Power Demand Drives Expansion |
| SNA Snap-on Incorporated | FY2026 Q3 · Calendar Q4 2026 | -5.9% | -3.4% | Snap-on: C&I strength offsets organic sales pressure in Q3 |
| HON Honeywell International Inc. | FY2026 Q3 · Calendar Q4 2026 | +4.6% | +1.7% | Honeywell Raises 2026 Outlook as Backlog and Forge Support Growth |
| LMT Lockheed Martin Corporation | FY2026 Q3 · Calendar Q4 2026 | +6.0% | +7.0% | Lockheed Martin: backlog and guidance rise, with execution risks |
| NSC Norfolk Southern Corporation | FY2026 Q3 · Calendar Q4 2026 | +4.6% | +3.1% | Norfolk Southern posts strong Q3 as capex outlook rises |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the ALLE recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-10-17T05:10:49.140638+00:00
- Polygon adjusted daily market bars · 2026-10-24T20:40:42.649587+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-24T20:40:42.646825+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-24. For educational purposes only; not investment advice.