Alta Equipment Group Inc expected to post a loss of 7 cents a share - Earnings Preview

Alta Equipment

06/08/2024 03:07

* Alta Equipment Group Inc  ALTG.N   ALTG.K  is expected
to show a
rise in quarterly revenue when it reports  results on August 7
for the period ending June 30 2024
    * The Livonia Michigan-based  company is expected to report
a
7.9% increase in revenue to $505.474 million from $468.4 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 7 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 $17.00​, above​ its last closing price of $8.99.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.21       -0.20      -0.38     Missed  -52.4
 Dec. 31 2024              -0.05      -0.08     Missed  -52.4
 Jan. 1 0001   0.05        0.05       0.05      Met     300​
 Jun. 30 2023  0.10        0.10       0.05      Missed  -50
 ​​Mar.        -0.13       -0.10      0.01      Beat    109.8
 31 2023                                                
 Dec. 31 2022  0.00        0.05       -0.05     Missed  -206.7
                                                        ​
 Sep. 30 2022  0.10        0.11       0.14      Beat    24.4
 Jan. 1 0001   0.05        0.01       0.17      Beat    1,175.
                                                        3
 This summary was machine generated August 6 at 02:06 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)