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

Alto Ingredients

08/05/2023 23:05

* Alto Ingredients Inc  ALTO.OQ  reported a quarterly
adjusted
loss of 18 cents​​ per share for the quarter ended in March. The
mean expectation of three analysts for the quarter was for a
loss of 10 cents per share.
    * Revenue rose 1.9% to $313.89 million from a year ago;
analysts
expected $297.60 million. 
    * Alto Ingredients Inc's reported EPS for the quarter was a
loss
of 18 cents​.
    * The mean earnings estimate of analysts had fallen by
about 933.3% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Alto Ingredients Inc shares had fallen by 6.7% this
quarter and
lost 51.4% so far this year.
    * The company reported a quarterly loss of $13.48 million.
    * Wall Street's median 12-month price target for Alto
Ingredients
Inc is $7.00 
    * 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 May
8 at 10:05 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.10          -0.18          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