Alta Equipment Group Inc expected to post a loss of 5 cents a share - Earnings Preview

Alta Equipment

12/03/2024 20:10

* Alta Equipment Group Inc  ALTG.N   ALTG.K  is expected
to show a
rise in quarterly revenue when it reports  results on March 14
for the period ending December 31 2023
    * The Livonia Michigan-based  company is expected to report
a
12.9% increase in revenue to $483.694 million from $428.6
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 5 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 $20.75​, above​ its last closing price of $10.75.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.05        0.05       0.20      Beat    300
 Jun. 30 2023  0.10        0.10       0.05      Missed  -50
 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.        0.10        0.11       0.14      Beat    24.4
 30 2022                                                
 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. 31 2021  0.04        0.04       -0.05     Missed  -225
 This summary was machine generated March 12 at 20:10 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)