Alta Equipment Group Inc expected to post a loss of 8  cents a share - Earnings Preview

Alta Equipment

07/05/2022 03:06

* 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
20.4% increase in revenue to $323.738 million from $268.8
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Alta Equipment
Group Inc
is for a loss of 8 cents per share. For the same quarter last
year, the company reported a loss of 19 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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​, above​ its last closing price of $11.28. ​​​
    * 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 2021  0.04        0.04       -0.05     Missed  -225
 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
 ​​Dec.        -0.15       -0.07      -0.09     Missed  -20
 31 2020                                                
 Sep. 30 2020  -0.01       -0.01      0.01      Beat    200​
 Jun. 30 2020  -0.09       -0.09      -0.14     Missed  -47.4
 Mar. 31 2020  -0.41       -0.41      -0.14     Beat    65.9
 This summary was machine generated May 7 at 02:05 GMT.  All
figures in US dollars  unless otherwise stated