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

Alto Ingredients

08/08/2022 23:05

* Alto Ingredients Inc  ALTO.OQ  reported quarterly adjusted
earnings of 29 cents​​ per share for the quarter ended in June.
The mean expectation of three analysts for the quarter was
for earnings of 9 cents per share.
    * Revenue rose 21.5% to $362.19 million from a year ago;
analysts
expected $320.98 million. 
    * Alto Ingredients Inc's reported EPS for the quarter was 29
cents​.
    * The mean earnings estimate of analysts had fallen by
about 17.6%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Alto Ingredients Inc shares had risen by 27.0% this
quarter and
lost 2.1% so far this year.
    * The company reported quarterly net income of $21.52
million.
    * Wall Street's median 12-month price target for Alto
Ingredients
Inc is $8.00 
    * 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 Refinitiv data August 8
at 10:05 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.09           0.29           Beat
 Mar. 31 2022      0.14           -0.04          Missed
 Dec. 31 2021      0.31           0.43           Beat
 Sep. 30 2021      0.12           -0.05          Missed