Altair Engineering Inc expected to post earnings of 29  cents a share - Earnings Preview

Altair Engineering

03/05/2023 03:03

* Altair Engineering Inc  ALTR.OQ   ALTR.O  is expected
to show a
fall in quarterly revenue when it reports  results on May 4. 
    * The Troy Michigan-based  company is expected to report  a
1.8% decrease in revenue to $156.881 million from $159.78
million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. The company's guidance on
February 23 2023, for the period ended March 31, was for revenue
between $155.00 million and $158.00 million.
    * ​Refinitiv's mean analyst estimate for Altair Engineering
Inc is
for earnings of 29 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 $65.5​, below​ its last closing price
of $67.49. ​​​

The company's guidance on February 23 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD155 million and USD36 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  
 Dec. 31 2022  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. 31 2022  0.30        0.30       0.38      Beat    27.9
 ​​Dec.        0.09        0.09       0.19      Beat    114.1
 31 2021                                                
 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
 Mar. 31 2021  0.21        0.21       0.31      Beat    46.2
 This summary was machine generated May 3 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated