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

Alta Equipment

13/11/2024 14:26

* Alta Equipment Group Inc  ALTG.N  reported a quarterly
adjusted
loss of 86 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 20 cents.  The mean expectation of five analysts for the
quarter was for a loss of 24 cents per share. Wall Street
expected results to range from -29 cents to -17 cents per share.
    * Revenue fell 3.7% to $448.80 million from a year ago;
analysts
expected $479.87 million. 
    * Alta Equipment Group Inc's reported EPS for the quarter
was a
loss of 86 cents​.
    * The company reported a quarterly loss of $28.4 million.
    * Alta Equipment Group Inc shares had risen by 18.5% this
quarter and lost 35.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $12.50 
This summary was machine generated from LSEG data November 13 at
02:26 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
 Sep. 30 2024      -0.24          -0.86          Missed
 Jun. 30 2024      -0.07          -0.38          Missed
 Mar. 31 2024      -0.20          -0.38          Missed
 Dec. 31 2023      -0.05          -0.08          Missed