Alta Equipment Group Inc expected to post a loss of 6 cents a share - Earnings Preview

Alta Equipment

11/08/2021 16:52

* Alta Equipment Group Inc  ALTG.N   ALTG.K  is expected to show
a rise in quarterly revenue when it reports results on August 11
(estimated). 
* The Livonia, Michigan-based company is expected to report   a
34.9% increase in revenue to $259.051 million from $192.1
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 6 cents per share. For the same quarter
last year, the company reported a loss of 14 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 $16.75​, about 22.6% above​ its last closing price
of $12.97. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  -0.18       -0.15      -0.19     Missed  -22.6
 Dec. 31 2020  -0.15       -0.07      -0.09     Missed  -20
 Sep. 30 2020  -0.01       -0.01      0.01      Beat    200​
 Jun. 30 2020  -0.09       -0.09      -0.14     Missed  -47.4
 Mar.          -0.41​      -0.41      -0.14     Beat    65.9​
 31​ 2020​                                              
                                                        ​
 This summary was machine generated August 11 at 15:52 GMT.  All
figures in US dollars unless otherwise stated