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

Alto Ingredients

11/03/2024 21:01

* Alto Ingredients Inc  ALTO.OQ  reported a quarterly
adjusted
loss of 26 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -46 cents.  The mean expectation of two analysts
for the quarter was for a loss of 8 cents per share. Wall Street
expected results to range from -12 cents to -4 cents per share.
    * Revenue fell 16.7% to $273.63 million from a year ago;
analysts
expected $292.76 million. 
    * Alto Ingredients Inc shares had fallen by 18.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the renewable
fuels
peer group is also "buy"

Wall Street's median 12-month price target for Alto Ingredients
Inc is $5.25 
This summary was machine generated from LSEG data March 11 at
09:00 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.08          -0.26          Missed
 Sep. 30 2023      0.10           -0.05          Missed
 Jun. 30 2023      -0.05          0.10           Beat
 Mar. 31 2023      -0.10          -0.18          Missed