Alto Ingredients Inc expected to post a loss of 5 cents a share - Earnings Preview

Alto Ingredients

05/08/2023 03:03

* Alto Ingredients Inc  ALTO.OQ   ALTO.O  is expected
to show a
fall in quarterly revenue when it reports  results on August 7. 
    * The Sacramento California-based  company is expected to
report 
a 17.6% decrease in revenue to $298.267 million from $362.19
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 5 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Alto
Ingredients
Inc is $5​, above​ its last closing price of $3.90. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.10       -0.10      -0.18     Missed  -74.2
 Dec. 31 2023  -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.        0.11        0.14       -0.04     Missed  -129.3
 31 2022                                                
 Dec. 31 2021  0.29        0.31       0.43      Beat    40.2​
 Sep. 30 2021  0.12        0.12       -0.05     Missed  -141.7
 Jun. 30 2021  0.14        0.15       0.14      Missed  -4.5
 This summary was machine generated August 5 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated