Altair Engineering Inc expected to post earnings of 19  cents a share - Earnings Preview

Altair Engineering

22/02/2023 03:05

* Altair Engineering Inc  ALTR.OQ   ALTR.O  is expected
to show a
rise in quarterly revenue when it reports  results on February
23. 
    * The Troy Michigan-based  company is expected to report  a
3.8% increase in revenue to $146.197 million from $140.8 million
a year ago, according to the mean estimate from 8 analysts,
based on Refinitiv data. The company's guidance on November 3
2022, for the period ended December 31, was for revenue between
$143.00 million and $148.00 million.
    * ​Refinitiv's mean analyst estimate for Altair Engineering
Inc is
for earnings of 19 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and 1 "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 $60​, above​ its last closing price
of $54.68. ​​​

The company's guidance on November 3 2022 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD143 million and
USD25 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  
 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. 31 2022  0.30        0.30       0.38      Beat    27.9​
 Dec. 31 2021  0.09        0.09       0.19      Beat    114.1
 ​​Sep.        0.01        0.01       0.11      Beat    1,220.
 30 2021                                                5
 Jun. 30 2021  0.01        0.01       0.07      Beat    409.1​
 Mar. 31 2021  0.21        0.21       0.31      Beat    46.2
 Dec. 31 2020  0.00        0.00       0.17      Beat    13,700
 This summary was machine generated February 22 at 03:05 GMT. 
All figures in US dollars  unless otherwise stated