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

Alta Equipment

10/08/2022 08:21

* Alta Equipment Group Inc  ALTG.N  reported quarterly
adjusted
earnings of 17 cents​​ per share for the quarter ended in June.
The mean expectation of three analysts for the quarter was
for earnings of one cent per share.
    * Revenue rose 38.9% to $406.50 million from a year ago;
analysts
expected $351.92 million. 
    * Alta Equipment Group Inc's reported EPS for the quarter
was 17
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 26.4% this
quarter and lost 22.5% so far this year.
    * The company reported quarterly net income of $5.4 million.
    * Wall Street's median 12-month price target for Alta
Equipment
Group Inc is $16.00 
    * 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." 

This summary was machine generated from Refinitiv data August 10
at 07:21 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.01           0.17           Beat
 Mar. 31 2022      -0.08          -0.06          Beat
 Dec. 31 2021      0.04           -0.05          Missed
 Sep. 30 2021      0.03           -0.02          Missed