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

Alto Ingredients

06/08/2024 23:47

* Alto Ingredients Inc  ALTO.OQ  reported a quarterly
adjusted
loss of 5 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 10 cents.  The mean expectation of two analysts for the
quarter was for a loss of 10 cents per share. Wall Street
expected results to range from -11 cents to -9 cents per share.
    * Revenue fell 25.5% to $236.47 million from a year ago;
analysts
expected $232.48 million. 
    * Alto Ingredients Inc's reported EPS for the quarter was a
loss
of 5 cents​.
    * The company reported a quarterly loss of $3.42 million.
    * Alto Ingredients Inc shares had fallen by 3.1% this
quarter and
lost 47.4% so far this year.

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 $4.50 
This summary was machine generated from LSEG data August 6 at
10:47 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
 Jun. 30 2024      -0.10          -0.05          Beat
 Mar. 31 2024      -0.14          -0.17          Missed
 Dec. 31 2023      -0.08          -0.26          Missed
 Sep. 30 2023      0.10           -0.05          Missed