Alta Equipment Group Inc reports results for the quarter ended March 31 - Earnings Summary

Alta Equipment

07/05/2025 23:27

Alta Equipment Group Inc ALTG.N reported a quarterly adjusted loss of 65 cents​​ per share for the quarter ended March 31, lower 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 62 cents per share. Wall Street expected results to range from -69 cents to -58 cents per share.

Revenue fell 4.2% to $423.00 million from a year ago; analysts expected $436.14 million.

Alta Equipment Group Inc's reported EPS for the quarter was a loss of 65 cents​.

The company reported a quarterly loss of $21.7 million.

Alta Equipment Group Inc shares had risen by 1.7% this quarter and lost 27.1% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 22.1% 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 2 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is  "hold."

Wall Street's median 12-month price target for Alta Equipment Group Inc is $9.60

This summary was machine generated from LSEG data May 7 at 10:27 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 2025
-0.62
-0.65
Missed
Dec. 31 2024
-0.29
-0.34
Missed
Sep. 30 2024
-0.24
-0.86
Missed
Jun. 30 2024
-0.07
-0.38
Missed