Alta Equipment Group Inc expected to post a loss of 10 cents a share - Earnings Preview

Alta Equipment

08/05/2023 22:46

* Alta Equipment Group Inc  ALTG.N   ALTG.K  is expected
to show a
rise in quarterly revenue when it reports  results on May 10. 
    * The Livonia Michigan-based  company is expected to report 
a
19.3% increase in revenue to $395.665 million from $331.7
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Alta Equipment
Group Inc
is for a loss of 10 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"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 Alta
Equipment
Group Inc is $23.5​, above​ its last closing price of $13.51.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.00        0.05       -0.05     Missed  -206.7
 Sep. 30 2022  0.10        0.11       0.14      Beat    24.4
 Jun. 30 2022  0.05        0.01       0.17      Beat    1,175.
                                                        3​
 Mar. 31 2022  -0.08       -0.08      -0.06     Beat    22.5
 ​​Dec.        0.04        0.04       -0.05     Missed  -225
 31 2021                                                
 Sep. 30 2021  0.03        0.03       -0.02     Missed  -166.7
                                                        ​
 Jun. 30 2021  -0.06       -0.06      -0.48     Missed  -747
 Mar. 31 2021  -0.18       -0.15      -0.19     Missed  -22.6
 This summary was machine generated May 8 at 21:46 GMT.  All
figures in US dollars  unless otherwise stated