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

Alto Ingredients

07/08/2023 23:02

* Alto Ingredients Inc  ALTO.OQ  reported quarterly adjusted
earnings of 10 cents​​ per share for the quarter ended in June.
The mean expectation of three analysts for the quarter was for a
loss of 5 cents per share.
    * Revenue fell 12.4% to $317.30 million from a year ago;
analysts
expected $298.27 million. 
    * Alto Ingredients Inc's reported EPS for the quarter was 10
cents​.
    * The mean earnings estimate of analysts had fallen by
about 128.6% 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 34.9% this
quarter and
gained 35.4% so far this year.
    * The company reported quarterly net income of $7.18
million.
    * Wall Street's median 12-month price target for Alto
Ingredients
Inc is $5.00 
    * 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
August 7 at 10:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.05          0.10           Beat
 Mar. 31 2023      -0.10          -0.18          Missed
 Dec. 31 2022      -0.06          -0.46          Missed
 Sep. 30 2022      0.00           -0.39          Missed