Alto Ingredients Inc expected to post a loss of 14 cents a share - Earnings Preview

Alto Ingredients

04/05/2024 02:18

* Alto Ingredients Inc  ALTO.OQ   ALTO.O  is expected
to show a
fall in quarterly revenue when it reports  results on May 6 for
the period ending March 31 2024
    * The Sacramento California-based  company is expected to
report a
30.8% decrease in revenue to $217.28 million from $313.89
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Alto Ingredients Inc is
for a
loss of 14 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"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 Alto
Ingredients
Inc is $4.75​, above​ its last closing price of $1.90. ​​​

This summary was machine generated May 4 at 01:18 GMT.  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)