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

Alta Equipment

10/05/2023 23:25

* Alta Equipment Group Inc  ALTG.N  reported quarterly
adjusted
earnings of 1 cent​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was for a
loss of 10 cents per share.
    * Revenue rose 26.8% to $420.70 million from a year ago;
analysts
expected $395.67 million. 
    * Alta Equipment Group Inc's reported EPS for the quarter
was 1
cent​.
    * The mean earnings estimate of analysts had fallen by
about 284.3% 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 fallen by 13.2% this
quarter and gained 4.2% so far this year.
    * The company reported quarterly net income of $200
thousand.
    * 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 May
10 at 10:25 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.01           0.17           Beat