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

Altair Engineering

05/05/2023 07:40

* Altair Engineering Inc  ALTR.OQ  reported quarterly
adjusted
earnings of 36 cents​​ per share for the quarter ended in March.
The mean expectation of nine analysts for the quarter was
for earnings of 29 cents per share.
    * Revenue rose 3.9% to $166.03 million from a year ago;
analysts
expected $156.88 million. 
    * Altair Engineering Inc's reported EPS for the quarter was
a loss
of 2 cents​.
    * The mean earnings estimate of analysts had fallen by
about 13.9%
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 fallen by 7.2% this
quarter and gained 47.1% so far this year.
    * The company reported a quarterly loss of $1.96 million.
    * Wall Street's median 12-month price target for Altair
Engineering Inc is $66.50 
    * 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 LSEG Refinitiv data May
5 at 06:40 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.29           0.36           Beat
 Dec. 31 2022      0.19           0.31           Beat
 Sep. 30 2022      0.01           0.05           Beat
 Jun. 30 2022      0.09           0.13           Beat