Alto Ingredients Inc expected to post earnings of 9  cents a share - Earnings Preview

Alto Ingredients

29/07/2022 14:17

* Alto Ingredients Inc  ALTO.OQ   ALTO.O  is expected
to show a
rise in quarterly revenue when it reports  results on August 1
(estimated). 
    * The Sacramento California-based  company is expected to
report 
a 7.7% increase in revenue to $320.977 million from $298.11
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 earnings of 9 cents per share. For the same quarter last
year, the company reported earnings of 14 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 $8​, above​ its last closing price of $4.03. ​​​
    * 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 2022  0.11        0.14       -0.04     Missed  -129.3
 Dec. 31 2022  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
 ​​Mar.        -0.03       0.00       0.07      Beat    2,202.
 31 2021                                                1
 Dec. 31 2020  0.23        0.24       0.06      Missed  -74.8​
 Sep. 30 2020  0.26        0.22       0.05      Missed  -77
 Jun. 30 2020  -0.20       -0.20      0.29      Beat    245
 This summary was machine generated July 29 at 13:17 GMT.  All
figures in US dollars  unless otherwise stated