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

Alta Equipment

09/05/2024 20:16

* Alta Equipment Group Inc  ALTG.N  reported a quarterly
adjusted
loss of 38 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 1 cents.  The mean expectation of four analysts for the
quarter was for a loss of 20 cents per share. Wall Street
expected results to range from -35 cents to -10 cents per share.
    * Revenue rose 5% to $441.60 million from a year ago;
analysts
expected $420.40 million. 
    * Alta Equipment Group Inc's reported EPS for the quarter
was a
loss of 38 cents​.
    * The company reported a quarterly loss of $12.7 million.
    * Alta Equipment Group Inc shares had fallen by 10.5% this
quarter and lost 6.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 22.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for Alta Equipment
Group Inc is $19.50 
This summary was machine generated from LSEG data May 9 at 07:16
p.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      -0.20          -0.38          Missed
 Dec. 31 2023      -0.05          -0.08          Missed
 Sep. 30 2023      0.05           0.20           Beat
 Jun. 30 2023      0.10           0.05           Missed