APi Group Corp reports results for the quarter ended in September 30 - Earnings Summary

APi

01/11/2024 03:50

* APi Group Corp  APG.N  reported quarterly adjusted
earnings of
51 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 48 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 51 cents per share. Wall Street
expected results to range from 50 cents to 52 cents per share.
    * Revenue rose 2.4% to $1.83 billion from a year ago;
analysts
expected $1.87 billion. 
    * APi Group Corp's reported EPS for the quarter was 23
cents​.
    * The company reported quarterly net income of $69 million.
    * APi Group Corp shares had risen by 0.6% this quarter and
lost 4.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.6%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the construction
&
engineering peer group is also "buy"

Wall Street's median 12-month price target for APi Group Corp is
$43.00 
This summary was machine generated from LSEG data November 1 at
03:50 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.51           0.51           Met
 Jun. 30 2024      0.47           0.49           Beat
 Mar. 31 2024      0.33           0.34           Beat
 Dec. 31 2023      0.43           0.44           Beat