Altair Engineering Inc expected to post earnings of 14  cents a share - Earnings Preview

Altair Engineering

02/08/2023 03:09

* Altair Engineering Inc  ALTR.OQ   ALTR.O  is expected
to show a
rise in quarterly revenue when it reports  results on August 3. 
    * The Troy Michigan-based  company is expected to report  a
4.8% increase in revenue to $139.024 million from $132.66
million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. The company's guidance on May
4 2023, for the period ended June 30, was for revenue between
$138.00 million and $140.00 million.
    * ​Refinitiv's mean analyst estimate for Altair Engineering
Inc is
for earnings of 14 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Altair
Engineering Inc is $73.5​, below​ its last closing price
of $74.41. ​​​

The company's guidance on May 4 2023 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD138 million and USD17 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.29        0.29       0.36      Beat    25.5
 Dec. 31 2023  0.19        0.19       0.31      Beat    64
 Sep. 30 2022  0.01        0.01       0.05      Beat    500.2​
 Jun. 30 2022  0.09        0.09       0.13      Beat    42.2
 ​​Mar.        0.30        0.30       0.38      Beat    27.9
 31 2022                                                
 Dec. 31 2021  0.09        0.09       0.19      Beat    114.1​
 Sep. 30 2021  0.01        0.01       0.11      Beat    1,220.
                                                        5
 Jun. 30 2021  0.01        0.01       0.07      Beat    409.1
 This summary was machine generated August 2 at 02:09 GMT.  All
figures in US dollars  unless otherwise stated