Allegion plc ALLE operates as provider of security products and solutions for homes and businesses. The company offers an extensive portfolio of mechanical and electronic security products and boasts a range of market-leading brands, including CISA, Interflex, aptiQ, LCN, Schlage and Von Duprin. Allegion came into existence on Dec 1, 2013 as a stand-alone public company after Ingersoll-Rand plc separated its commercial and residential security businesses. Strong focus on technological innovation, opportunistic acquisitions and its leading position in the protection and safety sector has helped the company’s top-line. Investors should also note the recent earnings estimate revisions for ALLE, as the consensus estimate has remained mostly stable. Meanwhile, ALLE has a strong history in earnings season. Allegion has beat earnings results in all of the trailing four quarters, making for an average positive surprise of 12.07%. On the revenue front, the company posted three positive surprises in the last four quarters. Currently, ALLE has a Zacks Rank #3 (Hold) but that could change following Allegion’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below: Earnings: ALLE misses on earnings. Our consensus earnings estimate called for earnings per share of 64 cents and the company reported EPS of 61 cents. Revenues: ALLE reported revenues of 502.3 million. This marginally missed our consensus estimate of $503 million. Key Stats to Note: Selling and administrative expenses increased 15.2% year over year to $133.8 million. Adjusted operating margin improved 40 basis points year over year to 16.8%. Allegion expects adjusted earnings for 2016 are expected to be in the range of $3.25 to $3.40 per share. Allegion expects revenues for 2016 to increase 7% to 8%. Full-year 2016 organic revenues, (excluding currency and acquisitions) are expected to rise in the range of 4% to 5% year over year. Check back later for our full write up on this ALLE earnings report later! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ALLEGION PLC (ALLE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research