Altair Engineering Inc reports results for the quarter ended December 31 - Earnings Summary

Altair Engineering

21/02/2025 24:57

* Altair Engineering Inc  ALTR.OQ  reported quarterly
adjusted
earnings of 52 cents​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of 46 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 51 cents per share. Wall
Street expected results to range from 46 cents to 59 cents per
share.
    * Revenue rose 4.6% to $179.38 million from a year ago;
analysts
expected $183.17 million. 
    * Altair Engineering Inc's reported EPS for the quarter was
1
cent​.
    * The company reported quarterly net income of $996
thousand.
    * Altair Engineering Inc shares had risen by 2.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "hold"

Wall Street's median 12-month price target for Altair
Engineering Inc is $113.00 
This summary was machine generated from LSEG data February 21 at
12:56 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.51           0.52           Beat
 Sep. 30 2024      0.16           0.24           Beat
 Jun. 30 2024      0.15           0.16           Beat
 Mar. 31 2024      0.34           0.40           Beat