Results: Atmus Filtration Technologies Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Atmus Filtration Technologies Inc. (NYSE:ATMU) just released its latest quarterly results and things are looking bullish. Atmus Filtration Technologies beat earnings, with revenues hitting US$448m, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 11%. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Atmus Filtration Technologies after the latest results.

This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

After the latest results, the five analysts covering Atmus Filtration Technologies are now predicting revenues of US$1.79b in 2026. If met, this would reflect an okay 4.0% improvement in revenue compared to the last 12 months. Per-share earnings are expected to expand 15% to US$2.82. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$1.78b and earnings per share (EPS) of US$2.75 in 2026. So the consensus seems to have become somewhat more optimistic on Atmus Filtration Technologies' earnings potential following these results.

Check out our latest analysis for Atmus Filtration Technologies

The analysts have been lifting their price targets on the back of the earnings upgrade, with the consensus price target rising 6.3% to US$50.40. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Atmus Filtration Technologies analyst has a price target of US$57.00 per share, while the most pessimistic values it at US$45.00. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Atmus Filtration Technologies' past performance and to peers in the same industry. We would highlight that Atmus Filtration Technologies' revenue growth is expected to slow, with the forecast 3.2% annualised growth rate until the end of 2026 being well below the historical 5.4% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 5.5% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Atmus Filtration Technologies.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Atmus Filtration Technologies following these results. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Atmus Filtration Technologies' revenue is expected to perform worse than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Atmus Filtration Technologies going out to 2027, and you can see them free on our platform here..

And what about risks? Every company has them, and we've spotted 1 warning sign for Atmus Filtration Technologies you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.