APi Group Corp expected to post earnings of 24  cents a share - Earnings Preview

APi

02/05/2023 19:31

* APi Group Corp  APG.N   APG  is expected to show a rise in
quarterly revenue when it reports  results on May 4. 
    * The New Brighton Minnesota-based  company is expected to
report 
a 5.4% increase in revenue to $1.551 billion from $1.47 billion
a year ago, according to the mean estimate from 9 analysts,
based on Refinitiv data. The company's guidance on February 28
2023, for the period ended March 31, was for revenue between
$1.54 billion and $1.56 billion.
    * ​Refinitiv's mean analyst estimate for APi Group Corp is
for
earnings of 24 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for APi Group
Corp is
$28​, above​ its last closing price of $22.68. ​​​

The company's guidance on February 28 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD1.54 billion and USD145 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.34        0.34       0.36      Beat    5.4
 Sep. 30 2022  0.36        0.36       0.37      Beat    2.8
 Jun. 30 2022  0.35        0.35       0.37      Beat    6.7​
 Mar. 31 2022  0.20        0.20       0.23      Beat    16.2
 ​​Dec.        0.26        0.26       0.29      Beat    9.8
 31 2021                                                
 Sep. 30 2021  0.34        0.35       0.35      Met     1​
 Jun. 30 2021  0.31        0.31       0.31      Met     1.6
 Mar. 31 2021  0.14        0.14       0.12      Missed  -12.9
 This summary was machine generated May 2 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated