Alta Equipment Group Inc expected to post a loss of 24 cents a share - Earnings Preview

Alta Equipment

09/11/2024 24:06

* Alta Equipment Group Inc  ALTG.N   ALTG.K  is expected
to show a
rise in quarterly revenue when it reports  results on November
12 for the period ending September 30 2024
    * The Livonia Michigan-based  company is expected to report
a
2.9% increase in revenue to $479.875 million from $466.2 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Alta Equipment Group Inc
is
for a loss of 24 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"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 12.50​, above​ its last closing price of $7.91. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -0.07       -0.07      -0.38     Missed  -418.2
 Mar. 31 2024  -0.21       -0.20      -0.38     Missed  -93.2
 Dec. 31 2023              -0.05      -0.08     Missed  -52.4​
 Sep. 30 2023  0.05        0.05       0.20      Beat    300
 ​​Jun.        0.10        0.10       0.05      Missed  -50
 30 2023                                                
 Mar. 31 2023  -0.13       -0.10      0.01      Beat    109.8​
 Dec. 31 2022  0.00        0.05       -0.05     Missed  -206.7
 Sep. 30 2022  0.10        0.11       0.14      Beat    24.4
 This summary was machine generated November 9 at 00:06 GMT.  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)