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

Alta Equipment

09/08/2023 23:28

* Alta Equipment Group Inc  ALTG.N  reported quarterly
adjusted
earnings of 5 cents​​ per share for the quarter ended in June.
The mean expectation of four analysts for the quarter was
for earnings of 10 cents per share.
    * Revenue rose 15.2% to $468.40 million from a year ago;
analysts
expected $461.81 million. 
    * Alta Equipment Group Inc's reported EPS for the quarter
was 5
cents​.
    * The mean earnings estimate of analysts had fallen by
about 13%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Alta Equipment Group Inc shares had fallen by 3.8% this
quarter and gained 26.4% so far this year.
    * The company reported quarterly net income of $1.7 million.
    * Wall Street's median 12-month price target for Alta
Equipment
Group Inc is $23.50 
    * 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
August 9 at 10:28 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.10           0.05           Missed
 Mar. 31 2023      -0.10          0.01           Beat
 Dec. 31 2022      0.05           -0.05          Missed
 Sep. 30 2022      0.11           0.14           Beat