AlTi Global, Inc reports results for the quarter ended September 30 - Earnings Summary

AlTi Global

08/11/2024 16:15

* AlTi Global, Inc  ALTI.OQ  reported a quarterly adjusted
loss
of 3 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -12 cents.  The lone analyst forecast for the
quarter was for earnings of one cent per share. 
    * Revenue rose 8.3% to $53.34 million from a year ago;
analysts
expected $55.60 million. 
    * The company reported a quarterly loss of $68.64 million.
    * AlTi Global, Inc shares had risen by 28.1% this
quarter and
lost 45.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the investment
management & fund operators peer group is also "strong buy"

Wall Street's median 12-month price target for AlTi Global, Inc
is 9.00 
This summary was machine generated from LSEG data November 8 at
04:14 p.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      0.01           -0.03          Missed
 Jun. 30 2024      -0.06          -0.04          Beat
 Mar. 31 2024      0.03           0.00           Missed
 Dec. 31 2023      0.04           -0.05          Missed