Alta Equipment Group Inc reports results for the quarter ended June 30 - Earnings Summary

Alta Equipment

08/08/2025 04:48

Alta Equipment Group Inc ALTG.N reported a quarterly adjusted loss of 34 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -38 cents.  The mean expectation of five analysts for the quarter was for a loss of 25 cents per share. Wall Street expected results to range from -34 cents to -15 cents per share.

Revenue fell 1.4% to $481.20 million from a year ago; analysts expected $478.63 million.

Alta Equipment Group Inc's reported EPS for the quarter was a loss of 21 cents​.

The company reported a quarterly loss of $6.8 million.

Alta Equipment Group Inc shares had risen by 16.1% this quarter and gained 12.2% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 13.6% 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 3 "strong buy" or "buy," 1 "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 $8.00, about 10.4% above its last closing price of $7.17

This summary was machine generated from LSEG data August 8 at 03:48 a.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
Jun. 30 2025
-0.25
-0.34
Missed
Mar. 31 2025
-0.62
-0.65
Missed
Dec. 31 2024
-0.29
-0.34
Missed
Sep. 30 2024
-0.24
-0.86
Missed