APi Group Corp expected to post earnings of 33 cents a share - Earnings Preview

APi

30/04/2024 15:28

* APi Group Corp  APG.N   APG  is expected to show a fall in
quarterly revenue when it reports  results on May 2 for the
period ending March 31 2024
    * The New Brighton Minnesota-based  company is expected to
report
a 1.0% decrease in revenue to $1.598 billion from $1.61 billion
a year ago, according to the mean estimate from 10 analysts,
based on LSEG data.The company's guidance on April 15 2024, for
the period ended March 31, was for revenue between $1.59 billion
and $1.61 billion.
    * ​LSEG's mean analyst estimate for APi Group Corp is for
earnings
of 33 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.3%
in the last three months. ​
    * Wall Street's median 12-month price target for APi Group
Corp is
$45.00​, above​ its last closing price of $38.48. ​​​

The company's guidance on February 28 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD1.59 billion and USD180 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.43        0.43       0.44      Beat    3.1
 Jan. 1 2023   0.45        0.45       0.48      Beat    6
 Jun. 30 2023  0.40        0.40       0.41      Beat    3​
 Mar. 31 2023  0.24        0.24       0.25      Beat    3.8
 ​​Dec.        0.34        0.34       0.36      Beat    5.4
 31 2022                                                
 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
 This summary was machine generated April 30 at 14:27 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)