APi Group Corp expected to post earnings of 47 cents a share - Earnings Preview

APi

30/07/2024 19:54

* APi Group Corp  APG.N   APG  is expected to show a rise in
quarterly revenue when it reports  results on August 1 for the
period ending June 30 2024
    * The New Brighton Minnesota-based  company is expected to
report
a 1.1% increase in revenue to $1.79 billion from $1.77 billion a
year ago, according to the mean estimate from 10 analysts, based
on LSEG data.The company's guidance on May 2 2024, for the
period ended June 30, was for revenue between $1.75 billion and
$1.80 billion.
    * ​LSEG's mean analyst estimate for APi Group Corp is for
earnings
of 47 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 was unchanged 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 $36.95. ​​​

The company's guidance on May 2 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD1.75 billion and USD235 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  
 Mar. 31 2024  0.34        0.33       0.34      Beat    2.5
 Dec. 31 2024  0.43        0.43       0.44      Beat    3.1
 Sep. 30 2023  0.45        0.45       0.48      Beat    6​
 Jun. 30 2023  0.40        0.40       0.41      Beat    3
 ​​Mar.        0.24        0.24       0.25      Beat    3.8
 31 2023                                                
 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
 This summary was machine generated July 30 at 18:54 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)