Alto Ingredients Inc reports results for the quarter ended in December - Earnings Summary

Alto Ingredients

09/03/2023 22:02

* Alto Ingredients Inc  ALTO.OQ  reported a quarterly
adjusted
loss of 46 cents​​ per share for the quarter ended in December.
The mean expectation of three analysts for the quarter was for a
loss of 6 cents per share.
    * Revenue fell 14.8% to $328.44 million from a year ago;
analysts
expected $342.43 million. 
    * Alto Ingredients Inc's reported EPS for the quarter was a
loss
of 46 cents​.
    * The mean earnings estimate of analysts had fallen by
about 168%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Alto Ingredients Inc shares had risen by 1.0% this
quarter.
    * The company reported a quarterly loss of $33.39 million.
    * Wall Street's median 12-month price target for Alto
Ingredients
Inc is $9.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
March 9 at 10:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.06          -0.46          Missed
 Sep. 30 2022      0.00           -0.39          Missed
 Jun. 30 2022      0.09           0.29           Beat
 Mar. 31 2022      0.14           -0.04          Missed