Alta Equipment Group Inc reports results for the quarter ended in December - Earnings Summary

Alta Equipment

09/03/2023 23:38

* Alta Equipment Group Inc  ALTG.N  reported a quarterly
adjusted
loss of 5 cents​​ per share for the quarter ended in December.
The mean expectation of four analysts for the quarter was
for earnings of 5 cents per share.
    * Revenue rose 20.3% to $428.60 million from a year ago;
analysts
expected $411.25 million. 
    * Alta Equipment Group Inc's reported EPS for the quarter
was a
loss of 5 cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Alta Equipment Group Inc shares had risen by 50.6% this
quarter.
    * The company reported a quarterly loss of $1.5 million.
    * Wall Street's median 12-month price target for Alta
Equipment
Group Inc is $20.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
March 9 at 11:38 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.05           -0.05          Missed
 Sep. 30 2022      0.11           0.14           Beat
 Jun. 30 2022      0.01           0.17           Beat
 Mar. 31 2022      -0.08          -0.06          Beat