Altair Engineering Inc expected to post earnings of 15 cents a share - Earnings Preview

Altair Engineering

31/07/2024 01:33

* Altair Engineering Inc  ALTR.OQ   ALTR.O  is expected
to show a
rise in quarterly revenue when it reports  results on August 1
for the period ending June 30 2024
    * The Troy Michigan-based  company is expected to report a
4.0% increase in revenue to $146.763 million from $141.16
million a year ago, according to the mean estimate from 10
analysts, based on LSEG data.The company's guidance on May 2
2024, for the period ended June 30, was for revenue between
$145.00 million and $148.00 million.
    * ​LSEG's mean analyst estimate for Altair Engineering Inc
is for
earnings of 15 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"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 $95.00​, above​ its last closing price
of $86.85. ​​​

The company's guidance on May 2 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD145 million and USD18 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.41        0.34       0.40      Beat    16.5
 Jan. 1 2024   0.41        0.41       0.46      Beat    12.5
 Sep. 30 2023  0.04        0.04                         260​
 Jun. 30 2023  0.14        0.14                         9.2
 ​​Jan.        0.29        0.29       0.36      Beat    25.5
 1 0001                                                 
 Dec. 31 2022  0.19        0.19       0.31      Beat    64​
 Sep. 30 2022  0.01                   0.05              500.2
 Jun. 30 2022  0.09                   0.13              42.2
 This summary was machine generated July 31 at 00:33 GMT.  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)