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

Altair Engineering

23/02/2023 23:38

* Altair Engineering Inc  ALTR.OQ  reported quarterly
adjusted
earnings of 31 cents​​ per share for the quarter ended in
December. The mean expectation of eight analysts for the quarter
was for earnings of 19 cents per share.
    * Revenue rose 13.9% to $160.43 million from a year ago;
analysts
expected $146.20 million. 
    * Altair Engineering Inc's reported EPS for the quarter was
14
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Altair Engineering Inc shares had risen by 20.4% this
quarter.
    * The company reported quarterly net income of $12.07
million.
    * Wall Street's median 12-month price target for Altair
Engineering Inc is $60.00 
    * 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." 

This summary was machine generated from Refinitiv data February
23 at 11:38 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.19           0.31           Beat
 Sep. 30 2022      0.01           0.05           Beat
 Jun. 30 2022      0.09           0.13           Beat
 Mar. 31 2022      0.30           0.38           Beat