APi Group Corp expected to post earnings of 43 cents a share - Earnings Preview

APi

26/02/2024 14:16

* APi Group Corp  APG.N   APG  is expected to show a rise in
quarterly revenue when it reports  results on February 28 for
the period ending December 31 2023
    * The New Brighton Minnesota-based  company is expected to
report
a 3.5% increase in revenue to $1.763 billion from $1.7 billion a
year ago, according to the mean estimate from 8 analysts, based
on LSEG data.The company's guidance on November 2 2023, for the
period ended December 31, was for revenue between $1.73 billion
and $1.78 billion.
    * ​LSEG's mean analyst estimate for APi Group Corp is for
earnings
of 43 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"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
$37.00​, above​ its last closing price of $35.27. ​​​

The company's guidance on November 2 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD1.73 billion and
USD210 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  
 Sep. 30 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. 31 2022  0.34        0.34       0.36      Beat    5.4
 ​​Sep.        0.36        0.36       0.37      Beat    2.8
 30 2022                                                
 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. 31 2021  0.26        0.26       0.29      Beat    9.8
 This summary was machine generated February 26 at 14:16 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)