APi Group Corp reports results for the quarter ended in March - Earnings Summary

APi

04/05/2023 14:32

* APi Group Corp  APG.N  reported quarterly adjusted
earnings of
25 cents​​ per share for the quarter ended in March. The mean
expectation of eleven analysts for the quarter was for earnings
of 24 cents per share.
    * Revenue rose 9.7% to $1.61 billion from a year ago;
analysts
expected $1.55 billion. 
    * APi Group Corp's reported EPS for the quarter was 5
cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * APi Group Corp shares had fallen by 1.1% this quarter and
gained 18.2% so far this year.
    * The company reported quarterly net income of $15 million.
    * Wall Street's median 12-month price target for APi Group
Corp is
$28.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
4 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.24           0.25           Beat
 Dec. 31 2022      0.34           0.36           Beat
 Sep. 30 2022      0.36           0.37           Beat
 Jun. 30 2022      0.35           0.37           Beat