EARNINGS ESTIMATES

EARNINGS ESTIMATES

From Independent Financial Analysts

The information included on Earnings Estimates is provided by Thomson Reuters and is based on data provided by independent financial analysts. It is not a representation of Applied’s guidance, which is provided in the company's quarterly earnings news release.

Analyst Ratings

Mean Recommendation:

3

Sell

Strong Buy

Reference Information - Earnings Per Share

Last Actual (FY0): 2.84
FY0 End Date: 6/1/17
Ind. Annual Div: 1.16
Hist (5 Yr) Growth %: -1.14
Hist (5 Yr) Stability %: 6.14
Yield (%): 2.13

Analyst Forecasts - Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 6/1/20 4.11 4.11 4.11 4.11 1 -- -- --
Annual 6/1/19 3.46 3.53 3.40 3.45 6 2 -- 3.91
Annual 6/1/18 3.10 3.15 3.01 3.11 6 4 -- 1.57
Quarterly 9/1/17 0.76 0.80 0.73 0.76 5 2 2 1.42
Quarterly 12/1/17 0.66 0.71 0.62 0.66 5 -- 3 -2.35
Quarterly 3/1/18 0.81 0.82 0.80 0.81 5 2 -- 0.83
Quarterly 6/1/18 0.86 0.94 0.81 0.85 5 3 1 1.57
Long Term Growth 12.00 12.00 12.00 12.00 1 -- -- --

Actuals - Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 6/1/17 2.84 2.83 0.47
Quarterly 9/1/16 0.70 0.61 14.75
Quarterly 12/1/16 0.61 0.59 4.27
Quarterly 3/1/17 0.75 0.63 20.00
Quarterly 6/1/17 0.78 0.78 0.52
Annual 6/1/16 2.50 2.49 0.46
Annual 6/1/15 2.80 2.83 -1.18

Reference Information - Book Value Per Share

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Book Value Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 6/1/20 -- -- -- -- -- -- -- --
Annual 6/1/19 -- -- -- -- -- -- -- --
Annual 6/1/18 -- -- -- -- -- -- -- --
Quarterly 9/1/17 -- -- -- -- -- -- -- --
Quarterly 12/1/17 -- -- -- -- -- -- -- --
Quarterly 3/1/18 -- -- -- -- -- -- -- --
Quarterly 6/1/18 -- -- -- -- -- -- -- --

Actuals - Book Value Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 6/1/17 -- -- --
Quarterly 9/1/16 -- -- --
Quarterly 12/1/16 -- -- --
Quarterly 3/1/17 -- -- --
Quarterly 6/1/17 -- -- --
Annual 6/1/16 -- -- --
Annual 6/1/15 -- -- --

Reference Information - Cash Flow Per Share

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Cash Flow Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 6/1/20 -- -- -- -- -- -- -- --
Annual 6/1/19 -- -- -- -- -- -- -- --
Annual 6/1/18 -- -- -- -- -- -- -- --
Quarterly 9/1/17 -- -- -- -- -- -- -- --
Quarterly 12/1/17 -- -- -- -- -- -- -- --
Quarterly 3/1/18 -- -- -- -- -- -- -- --
Quarterly 6/1/18 -- -- -- -- -- -- -- --

Actuals - Cash Flow Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 6/1/17 -- -- --
Quarterly 9/1/16 -- -- --
Quarterly 12/1/16 -- -- --
Quarterly 3/1/17 -- -- --
Quarterly 6/1/17 -- -- --
Annual 6/1/16 -- -- --
Annual 6/1/15 -- -- --

Reference Information - Dividend Per Share

Last Actual (FY0): --
FY0 End Date: 6/1/17
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Dividend Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 6/1/20 -- -- -- -- -- -- -- -0.82
Annual 6/1/19 1.21 1.22 1.20 1.21 2 -- -- -0.82
Annual 6/1/18 1.17 1.18 1.15 1.18 3 -- -- --
Quarterly 9/1/17 0.29 0.29 0.29 0.29 2 -- -- --
Quarterly 12/1/17 0.29 0.29 0.29 0.29 2 -- -- --
Quarterly 3/1/18 0.30 0.30 0.30 0.30 2 -- -- --
Quarterly 6/1/18 0.30 0.30 0.30 0.30 2 -- -- --

Actuals - Dividend Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 6/1/17 -- -- --
Quarterly 9/1/16 0.28 -- --
Quarterly 12/1/16 0.28 -- --
Quarterly 3/1/17 0.29 -- --
Quarterly 6/1/17 -- -- --
Annual 6/1/16 1.10 -- --
Annual 6/1/15 1.04 -- --

Reference Information - EBIT

Last Actual (FY0): 174.59
FY0 End Date: 6/1/17
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - EBIT

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 6/1/20 258.00 258.00 258.00 258.00 1 -- -- 1.13
Annual 6/1/19 214.14 224.00 206.20 215.00 5 2 1 1.13
Annual 6/1/18 193.70 196.00 191.60 192.70 5 3 1 2.09
Quarterly 9/1/17 48.16 51.20 46.00 47.50 5 2 2 1.89
Quarterly 12/1/17 41.80 44.40 39.60 41.30 5 -- 4 -2.34
Quarterly 3/1/18 50.44 51.20 49.70 50.60 5 3 1 0.68
Quarterly 6/1/18 53.30 58.70 51.00 52.10 5 3 1 1.07

Actuals - EBIT

Reported EPS Mean Estimate Surprise % Change
Annual 6/1/17 174.59 -- --
Quarterly 9/1/16 43.22 -- --
Quarterly 12/1/16 37.66 -- --
Quarterly 3/1/17 45.47 -- --
Quarterly 6/1/17 48.25 -- --
Annual 6/1/16 160.60 -- --
Annual 6/1/15 184.62 -- --

Reference Information - EBITDA

Last Actual (FY0): 214.27
FY0 End Date: 6/1/17
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - EBITDA

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 6/1/20 298.00 298.00 298.00 298.00 1 -- -- -2.70
Annual 6/1/19 256.87 264.00 249.60 257.00 3 1 -- -2.70
Annual 6/1/18 234.84 238.00 233.10 233.43 3 2 -- 0.64
Quarterly 9/1/17 56.35 56.50 56.20 56.35 2 -- 2 -0.97
Quarterly 12/1/17 51.95 53.90 50.00 51.95 2 -- 2 1.66
Quarterly 3/1/18 61.05 62.00 60.10 61.05 2 2 -- -0.57
Quarterly 6/1/18 65.95 69.00 62.90 65.95 2 2 -- -0.53

Actuals - EBITDA

Reported EPS Mean Estimate Surprise % Change
Annual 6/1/17 214.27 -- --
Quarterly 9/1/16 53.11 -- --
Quarterly 12/1/16 47.59 -- --
Quarterly 3/1/17 55.40 -- --
Quarterly 6/1/17 58.18 -- --
Annual 6/1/16 202.14 -- --
Annual 6/1/15 226.99 -- --

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): 3.40
FY0 End Date: 6/1/17
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - GAAP Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 6/1/20 -- -- -- -- -- -- -- --
Annual 6/1/19 3.32 3.45 3.20 3.30 3 -- -- 3.65
Annual 6/1/18 3.07 3.15 3.00 3.05 5 1 -- 0.46
Quarterly 9/1/17 0.76 0.81 0.73 0.74 5 -- 1 0.88
Quarterly 12/1/17 0.67 0.71 0.62 0.69 5 -- 1 -1.18
Quarterly 3/1/18 0.80 0.82 0.77 0.80 5 -- -- -0.91
Quarterly 6/1/18 0.84 0.94 0.79 0.83 5 1 -- -0.31

Actuals - GAAP Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 6/1/17 3.40 -- --
Quarterly 9/1/16 -- -- --
Quarterly 12/1/16 -- -- --
Quarterly 3/1/17 -- -- --
Quarterly 6/1/17 -- -- --
Annual 6/1/16 0.75 -- --
Annual 6/1/15 2.80 -- --

Reference Information - Net Debt

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Net Debt

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 6/1/20 -- -- -- -- -- -- -- --
Annual 6/1/19 -- -- -- -- -- -- -- --
Annual 6/1/18 -- -- -- -- -- -- -- --
Quarterly 9/1/17 -- -- -- -- -- -- -- --
Quarterly 12/1/17 -- -- -- -- -- -- -- --
Quarterly 3/1/18 -- -- -- -- -- -- -- --
Quarterly 6/1/18 -- -- -- -- -- -- -- --

Actuals - Net Debt

Reported EPS Mean Estimate Surprise % Change
Annual 6/1/17 -- -- --
Quarterly 9/1/16 -- -- --
Quarterly 12/1/16 -- -- --
Quarterly 3/1/17 -- -- --
Quarterly 6/1/17 -- -- --
Annual 6/1/16 -- -- --
Annual 6/1/15 -- -- --

Reference Information - Net Income

Last Actual (FY0): 111.71
FY0 End Date: 6/1/17
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Net Income

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 6/1/20 162.00 162.00 162.00 162.00 1 -- -- 1.54
Annual 6/1/19 134.54 139.00 129.70 135.40 5 2 1 1.54
Annual 6/1/18 121.50 123.90 120.10 120.50 5 3 1 2.07
Quarterly 9/1/17 30.20 32.10 28.70 29.80 5 2 2 1.57
Quarterly 12/1/17 26.04 27.90 24.60 25.70 5 -- 3 -2.96
Quarterly 3/1/18 31.70 32.10 31.30 31.80 5 2 2 0.21
Quarterly 6/1/18 33.58 37.00 32.00 33.00 5 3 1 0.54

Actuals - Net Income

Reported EPS Mean Estimate Surprise % Change
Annual 6/1/17 111.71 -- --
Quarterly 9/1/16 27.37 -- --
Quarterly 12/1/16 24.09 -- --
Quarterly 3/1/17 29.49 -- --
Quarterly 6/1/17 30.76 -- --
Annual 6/1/16 98.28 -- --
Annual 6/1/15 115.48 -- --

Reference Information - Operating Profit

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Operating Profit

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 6/1/20 -- -- -- -- -- -- -- --
Annual 6/1/19 -- -- -- -- -- -- -- --
Annual 6/1/18 -- -- -- -- -- -- -- --
Quarterly 9/1/17 -- -- -- -- -- -- -- --
Quarterly 12/1/17 -- -- -- -- -- -- -- --
Quarterly 3/1/18 -- -- -- -- -- -- -- --
Quarterly 6/1/18 -- -- -- -- -- -- -- --

Actuals - Operating Profit

Reported EPS Mean Estimate Surprise % Change
Annual 6/1/17 -- -- --
Quarterly 9/1/16 -- -- --
Quarterly 12/1/16 -- -- --
Quarterly 3/1/17 -- -- --
Quarterly 6/1/17 -- -- --
Annual 6/1/16 -- -- --
Annual 6/1/15 -- -- --

Reference Information - Return On Equity

Last Actual (FY0): --
FY0 End Date: 6/1/17
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Return On Equity

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 6/1/20 -- -- -- -- -- -- -- --
Annual 6/1/19 -- -- -- -- -- -- -- --
Annual 6/1/18 15.50 15.50 15.50 15.50 1 -- -- --
Quarterly 9/1/17 -- -- -- -- -- -- -- --
Quarterly 12/1/17 -- -- -- -- -- -- -- --
Quarterly 3/1/18 -- -- -- -- -- -- -- --
Quarterly 6/1/18 -- -- -- -- -- -- -- --

Actuals - Return On Equity

Reported EPS Mean Estimate Surprise % Change
Annual 6/1/17 -- -- --
Quarterly 9/1/16 -- -- --
Quarterly 12/1/16 -- -- --
Quarterly 3/1/17 -- -- --
Quarterly 6/1/17 -- -- --
Annual 6/1/16 -- -- --
Annual 6/1/15 15.63 -- --

Reference Information - Sales

Last Actual (FY0): 2,593.75
FY0 End Date: 6/1/17
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Sales

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 6/1/20 3,285.00 3,285.00 3,285.00 3,285.00 1 -- -- 4.43
Annual 6/1/19 3,038.16 3,842.70 2,803.20 2,845.00 5 3 2 4.43
Annual 6/1/18 2,714.76 2,728.00 2,697.50 2,722.00 5 3 2 0.32
Quarterly 9/1/17 667.18 671.70 662.30 668.50 5 3 1 0.42
Quarterly 12/1/17 642.80 651.70 632.10 642.10 5 3 1 -0.12
Quarterly 3/1/18 699.78 701.70 696.70 699.70 5 1 3 -0.55
Quarterly 6/1/18 705.00 709.20 700.40 706.70 5 1 3 0.04

Actuals - Sales

Reported EPS Mean Estimate Surprise % Change
Annual 6/1/17 2,593.75 2,566.47 1.06
Quarterly 9/1/16 624.85 625.57 -0.12
Quarterly 12/1/16 608.12 602.34 0.96
Quarterly 3/1/17 679.30 638.13 6.45
Quarterly 6/1/17 681.47 680.20 0.19
Annual 6/1/16 2,519.43 2,525.23 -0.23
Annual 6/1/15 2,751.56 2,759.67 -0.29

Reference Information - Earnings Per Share (Parent)

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Earnings Per Share (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 6/1/20 -- -- -- -- -- -- -- --
Annual 6/1/19 -- -- -- -- -- -- -- --
Annual 6/1/18 -- -- -- -- -- -- -- --
Quarterly 9/1/17 -- -- -- -- -- -- -- --
Quarterly 12/1/17 -- -- -- -- -- -- -- --
Quarterly 3/1/18 -- -- -- -- -- -- -- --
Quarterly 6/1/18 -- -- -- -- -- -- -- --
Long Term Growth -- -- -- -- -- -- -- --

Actuals - Earnings Per Share (Parent)

Reported EPS Mean Estimate Surprise % Change
Annual 6/1/17 -- -- --
Quarterly 9/1/16 -- -- --
Quarterly 12/1/16 -- -- --
Quarterly 3/1/17 -- -- --
Quarterly 6/1/17 -- -- --
Annual 6/1/16 -- -- --
Annual 6/1/15 -- -- --

Reference Information - Net Income (Parent)

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Net Income (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 6/1/20 -- -- -- -- -- -- -- --
Annual 6/1/19 -- -- -- -- -- -- -- --
Annual 6/1/18 -- -- -- -- -- -- -- --
Quarterly 9/1/17 -- -- -- -- -- -- -- --
Quarterly 12/1/17 -- -- -- -- -- -- -- --
Quarterly 3/1/18 -- -- -- -- -- -- -- --
Quarterly 6/1/18 -- -- -- -- -- -- -- --

Actuals - Net Income (Parent)

Reported EPS Mean Estimate Surprise % Change
Annual 6/1/17 -- -- --
Quarterly 9/1/16 -- -- --
Quarterly 12/1/16 -- -- --
Quarterly 3/1/17 -- -- --
Quarterly 6/1/17 -- -- --
Annual 6/1/16 -- -- --
Annual 6/1/15 -- -- --

Reference Information - Operating Profit (Parent)

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Operating Profit (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 6/1/20 -- -- -- -- -- -- -- --
Annual 6/1/19 -- -- -- -- -- -- -- --
Annual 6/1/18 -- -- -- -- -- -- -- --
Quarterly 9/1/17 -- -- -- -- -- -- -- --
Quarterly 12/1/17 -- -- -- -- -- -- -- --
Quarterly 3/1/18 -- -- -- -- -- -- -- --
Quarterly 6/1/18 -- -- -- -- -- -- -- --

Actuals - Operating Profit (Parent)

Reported EPS Mean Estimate Surprise % Change
Annual 6/1/17 -- -- --
Quarterly 9/1/16 -- -- --
Quarterly 12/1/16 -- -- --
Quarterly 3/1/17 -- -- --
Quarterly 6/1/17 -- -- --
Annual 6/1/16 -- -- --
Annual 6/1/15 -- -- --

Reference Information - Sales (Parent)

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Sales (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 6/1/20 -- -- -- -- -- -- -- --
Annual 6/1/19 -- -- -- -- -- -- -- --
Annual 6/1/18 -- -- -- -- -- -- -- --
Quarterly 9/1/17 -- -- -- -- -- -- -- --
Quarterly 12/1/17 -- -- -- -- -- -- -- --
Quarterly 3/1/18 -- -- -- -- -- -- -- --
Quarterly 6/1/18 -- -- -- -- -- -- -- --

Actuals - Sales (Parent)

Reported EPS Mean Estimate Surprise % Change
Annual 6/1/17 -- -- --
Quarterly 9/1/16 -- -- --
Quarterly 12/1/16 -- -- --
Quarterly 3/1/17 -- -- --
Quarterly 6/1/17 -- -- --
Annual 6/1/16 -- -- --
Annual 6/1/15 -- -- --