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

APi

02/11/2023 13:33

* APi Group Corp  APG.N  reported quarterly adjusted
earnings of
48 cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 37 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 45 cents per share. Wall Street
expected results to range from 44 cents to 46 cents per share.
    * Revenue rose 2.8% to $1.78 billion from a year ago;
analysts
expected $1.87 billion. 
    * APi Group Corp's reported EPS for the quarter was 15
cents​.
    * The company reported quarterly net income of $43 million.
    * APi Group Corp shares had fallen by 0.6% this quarter and
gained 37.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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." 
    * Wall Street's median 12-month price target for APi Group
Corp is
$32.00 

This summary was machine generated from LSEG data November 2 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.45           0.48           Beat
 Jun. 30 2023      0.40           0.41           Beat
 Mar. 31 2023      0.24           0.25           Beat
 Dec. 31 2022      0.34           0.36           Beat