Analyst Consensus ?
ConsensusHold23 ratings
Bullish834.8%
Neutral1565.2%
Bearish00.0%
Allegion plc · ALLE · FY2024 Q3 · Calendar Q4 2024
Allegion: Q3 growth, raised EPS outlook, and continued electronics focus
The analysis supports a constructive but conditional view of Allegion's operating trajectory: price, volume, acquisitions, institutional demand, and electronics adoption can support growth, while residential softness, specification visibility, inflation, and integration execution could limit durability.
Reported Before market openNYSEIndustrials
$13.03B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$2.16
Consensus $1.98
EPS surprise
+9.1%
Reported versus consensus
Reported revenue
$967.1M
Consensus $939.9M
Revenue surprise
+2.9%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-3.7%
Event window
SPY move
+0.2%
Same window
Abnormal move
-3.9%
Stock minus SPY
Volume
2.3×
Versus trailing sessions
Subsequent drift
-2.7%
Up to 20 sessions
ALLESPY benchmark
Ask FN2 about ALLE FY2024 Q3
Transcript, numbers and history already loaded
Why did ALLE fall 3.7% after beating EPS estimates in FY2024 Q3?What changed in ALLE's guidance and outlook in FY2024 Q3?Give me the bull and bear case for ALLE after FY2024 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior quarter, the analysis adds the SOSS acquisition and Von Duprin 70 Series launch, while continuing to emphasize acquisitions, electronics, institutional demand, and disciplined capital deployment. Management again raised guidance, but analysts continued to focus on residential exposure, specification visibility, productivity, pricing, and electronics assumptions.
Guidance delta
Management raised full-year EPS guidance and affirmed its cash-flow target; the prior quarter had also included a guidance raise.
Key takeaways
- Management described Q3 growth as supported by price, volume, and recent acquisitions.
- Electronics and replacement cycles remain important growth drivers through 2025.
- The Von Duprin 70 Series launch and SOSS acquisition broaden the product portfolio.
- Institutional demand and municipal funding were identified as supportive, while residential and mixed commercial trends remain risks.
Management priorities
- Roll out Von Duprin 70 Series exit devices across multiple market segments.
- Integrate SOSS Door Hardware and continue pursuing accretive acquisitions.
- Invest in international specification capabilities and electronics.
- Maintain disciplined capital allocation across capex, dividends, and share repurchases.
Follow ALLE with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$153.17Previous close
$115Low
$148.33Average
$190High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 14, 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 |
|---|---|---|---|---|
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Aug 10, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Jul 24, 2026 |
| Baird | Neutral | Neutral | Maintain | Jul 24, 2026 |
| B of A Securities | 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 previous close $153.17. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Evercore ISI | Alexander Virgo | $180 | $151.36 | +17.5% | Sep 22, 2026 |
| Robert W. Baird | Timothy Wojs | $170 | $154.57 | +11.0% | Jul 24, 2026 |
| Morgan Stanley | Christopher Snyder | $142 | $129.03 | -7.3% | Jun 3, 2026 |
| Robert W. Baird | Timothy Wojs | $165 | $137.86 | +7.7% | Apr 29, 2026 |
| Barclays | Analyst unavailable | $180 | $161.84 | +17.5% | Jan 7, 2026 |
| Robert W. Baird | Analyst unavailable | $190 | $177.97 | +24.0% | Oct 21, 2025 |
| Barclays | Analyst unavailable | $126 | $130.38 | -17.7% | Mar 26, 2025 |
| Barclays | Julian Mitchell | $134 | $127.42 | -12.5% | Jan 8, 2025 |
| Barclays | Julian Mitchell | $116 | $120.5 | -24.3% | Jun 4, 2024 |
| Morgan Stanley | Joshua Pokrzywinski | $115 | $112.26 | -24.9% | Jun 3, 2022 |
| Credit Suisse | Analyst unavailable | $127 | $114.23 | -17.1% | Apr 27, 2022 |
| Morgan Stanley | Analyst unavailable | $120 | $114.43 | -21.7% | Apr 27, 2022 |
| Wells Fargo | Analyst unavailable | $130 | $113.9 | -15.1% | Apr 27, 2022 |
| Barclays | Julian Mitchell | $150 | $110.13 | -2.1% | Apr 5, 2022 |
| Wells Fargo | Joseph O’Dea | $147 | $115.24 | -4.0% | Feb 16, 2022 |
| UBS | Christopher Snyder | $145 | $137.93 | -5.3% | 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 |
|---|---|---|---|---|
| DAL Delta Air Lines, Inc. | FY2026 Q3 · Calendar Q4 2026 | -2.8% | +0.0% | Delta reports strong Q3 demand while costs and capacity remain key watchpoints |
| CTAS Cintas Corporation | FY2027 Q1 · Calendar Q3 2026 | +3.0% | -3.4% | Cintas raises FY2027 guidance as Q1 growth broadens |
| PAYX Paychex, Inc. | FY2027 Q1 · Calendar Q3 2026 | +1.5% | -8.8% | Paychex maintains FY27 outlook as PEO and AI momentum strengthen |
| FPS Forgent Power Solutions, Inc. | FY2026 Q4 · Calendar Q3 2026 | +4.3% | +9.5% | Forgent Power Solutions pairs record results with an aggressive FY27 buildout |
| CPRT Copart, Inc. | FY2026 Q4 · Calendar Q3 2026 | -8.7% | -2.6% | Copart pairs international growth with ACV investment amid higher costs |
| SUNB Sunbelt Rentals Holdings Inc | FY2027 Q1 · Calendar Q3 2026 | +19.2% | +5.9% | Sunbelt raises FY27 outlook as specialty rental demand accelerates |
Latest beats and misses
Who reports nextBeat on EPS
Missed on EPS
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 · 2024-11-10T18:38:36.707185+00:00
- Polygon adjusted daily market bars · 2026-10-14T08:50:44.317287+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-14T08:50:44.314530+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 2026-10-14. For educational purposes only; not investment advice.