Alto Ingredients Inc expected to post a loss of 13 cents a share - Earnings Preview

Alto Ingredients

06/05/2023 03:06

* Alto Ingredients Inc  ALTO.OQ   ALTO.O  is expected
to show a
fall in quarterly revenue when it reports  results on May 8. 
    * The Sacramento California-based  company is expected to
report 
a 3.4% decrease in revenue to $297.6 million from $308.12
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Alto Ingredients
Inc is
for a loss of 13 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 30.8%
in the last three months. ​
    * Wall Street's median 12-month price target for Alto
Ingredients
Inc is $7​, above​ its last closing price of $1.40. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -0.08       -0.06      -0.46     Missed  -711.7
 Sep. 30 2022  0.02        0.00       -0.39     Missed  -11,81
                                                        1.7
 Jun. 30 2022  0.11        0.09       0.29      Beat    210.7​
 Mar. 31 2022  0.11        0.14       -0.04     Missed  -129.3
 ​​Dec.        0.29        0.31       0.43      Beat    40.2
 31 2021                                                
 Sep. 30 2021  0.12        0.12       -0.05     Missed  -141.7
                                                        ​
 Jun. 30 2021  0.14        0.15       0.14      Missed  -4.5
 Mar. 31 2021  -0.03       0.00       0.07      Beat    2,202.
                                                        1
 This summary was machine generated May 6 at 02:06 GMT.  All
figures in US dollars  unless otherwise stated