APi Group Corp expected to post earnings of 45  cents a share - Earnings Preview

APi

31/10/2023 14:05

* APi Group Corp  APG.N   APG  is expected to show a rise in
quarterly revenue when it reports  results on November 2. 
    * The New Brighton Minnesota-based  company is expected to
report 
a 7.8% increase in revenue to $1.87 billion from $1.74 billion a
year ago, according to the mean estimate from 7 analysts, based
on Refinitiv data. The company's guidance on August 3 2023, for
the period ended September 30, was for revenue between $1.86
billion and $1.89 billion.
    * ​Refinitiv's mean analyst estimate for APi Group Corp is
for
earnings of 45 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
$32​, above​ its last closing price of $25.72. ​​​

The company's guidance on August 3 2023 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD1.86 billion and
USD225 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  
 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. 30 2022  0.36        0.36       0.37      Beat    2.8
 ​​Jun.        0.35        0.35       0.37      Beat    6.7
 30 2022                                                
 Mar. 31 2022  0.20        0.20       0.23      Beat    16.2​
 Dec. 31 2021  0.26        0.26       0.29      Beat    9.8
 Sep. 30 2021  0.34        0.35       0.35      Met     1
 This summary was machine generated October 31 at 14:05 GMT.  All
figures in US dollars  unless otherwise stated