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

Alta Equipment

10/11/2022 06:00

* Alta Equipment Group Inc  ALTG.N  reported quarterly
adjusted
earnings of 14 cents​​ per share for the quarter ended in
September. The mean expectation of four analysts for the quarter
was for earnings of 11 cents per share.
    * Revenue rose 37.3% to $405.00 million from a year ago;
analysts
expected $379.24 million. 
    * Alta Equipment Group Inc's reported EPS for the quarter
was 14
cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.2%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Alta Equipment Group Inc shares had risen by 9.5% this
quarter and lost 17.6% so far this year.
    * The company reported quarterly net income of $4.4 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 Refinitiv data November
10 at 06:00 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      0.04           -0.05          Missed