Altair Engineering Inc expected to post earnings of 4  cents a share - Earnings Preview

Altair Engineering

01/11/2023 02:45

* Altair Engineering Inc  ALTR.OQ   ALTR.O  is expected
to show a
rise in quarterly revenue when it reports  results 
    * The Troy Michigan-based  company is expected to report  a
6.7% increase in revenue to $127.346 million from $119.35
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data. The company's guidance on August 3
2023, for the period ended September 30, was for revenue between
$126.00 million and $128.00 million.
    * ​Refinitiv's mean analyst estimate for Altair Engineering
Inc is
for earnings of 4 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 $76.5​, above​ its last closing price
of $62.12. ​​​

The company's guidance on August 3 2023 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD126 million and USD5
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  
 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. 31 2022  0.19        0.19       0.31      Beat    64​
 Sep. 30 2022  0.01        0.01       0.05      Beat    500.2
 ​​Jun.        0.09        0.09       0.13      Beat    42.2
 30 2022                                                
 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. 30 2021  0.01        0.01       0.11      Beat    1,220.
                                                        5
 This summary was machine generated November 1 at 02:45 GMT.  All
figures in US dollars  unless otherwise stated