Alta Equipment Group Inc expected to post earnings of 3 cents a share - Earnings Preview

Alta Equipment

10/11/2021 01:01

* Alta Equipment Group Inc  ALTG.N   ALTG.K  is expected to show
a rise in quarterly revenue when it reports  results on November
11. 
* The Livonia, Michigan-based company is expected to report  a
29.9% increase in revenue to $286.563 million from $220.6
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 earnings of 3 cents per share. For the same quarter
last year, the company reported earnings of 1 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 $18.25​, about 8.1% above​ its last closing price
of $16.78. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2021  -0.06       -0.06      -0.48     Missed  -747
 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.        -0.09       -0.09      -0.14     Missed  -47.4
 30 2020                                                
 Mar. 31 2020  -0.41       -0.41      -0.14     Beat    65.9​
 This summary was machine generated November 10 at 01:01 GMT. 
All figures in US dollars  unless otherwise stated