Altair Engineering Inc expected to post earnings of 34 cents a share - Earnings Preview

Altair Engineering

01/05/2024 24:37

* Altair Engineering Inc  ALTR.OQ   ALTR.O  is expected
to show a
rise in quarterly revenue when it reports  results on May 2 for
the period ending March 31 2024
    * The Troy Michigan-based  company is expected to report a
2.0% increase in revenue to $169.276 million from $166.03
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data.The company's guidance on February
22 2024, for the period ended March 31, was for revenue between
$167.00 million and $170.00 million.
    * ​LSEG's mean analyst estimate for Altair Engineering Inc
is for
earnings of 34 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"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 $80.45. ​​​

The company's guidance on February 22 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD167 million and USD40 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  
 Dec. 31 2023  0.41        0.41       0.46      Beat    12.5
 Jan. 1 2023   0.04        0.04       0.14      Beat    260
 Jun. 30 2023  0.14        0.14       0.15      Beat    9.2​
 Mar. 31 2023  0.29        0.29       0.36      Beat    25.5
 ​​Dec.        0.19        0.19       0.31      Beat    64
 31 2022                                                
 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
 This summary was machine generated April 30 at 23:37 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)