Alta Equipment Group Inc expected to post earnings of 10  cents a share - Earnings Preview

Alta Equipment

08/08/2023 03:09

* Alta Equipment Group Inc  ALTG.N   ALTG.K  is expected
to show a
rise in quarterly revenue when it reports  results on August 9. 
    * The Livonia Michigan-based  company is expected to report 
a
13.6% increase in revenue to $461.808 million from $406.5
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Alta Equipment
Group Inc
is for earnings of 10 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 $23.5​, above​ its last closing price of $17.51.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.13       -0.10      0.01      Beat    109.8
 Dec. 31 2023  0.00        0.05       -0.05     Missed  -206.7
 Sep. 30 2022  0.10        0.11       0.14      Beat    24.4​
 Jun. 30 2022  0.05        0.01       0.17      Beat    1,175.
                                                        3
 ​​Mar.        -0.08       -0.08      -0.06     Beat    22.5
 31 2022                                                
 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
 This summary was machine generated August 8 at 02:08 GMT.  All
figures in US dollars  unless otherwise stated