Altus Group's Q2 revenue misses estimates

Altus

07/08/2025 22:21

Overview

Altus Group Q2 revenue falls 0.8% yr/yr, missing analyst expectations

Adjusted EBITDA rises 55.7%, beating analyst estimates, per LSEG data

Co repurchased over C$100 mln in shares, reflecting growth confidence

Outlook

Company expects FY 2025 revenue growth of 2-4%

Altus sees Q3 2025 Analytics revenue growth of 3-6%

Company anticipates FY 2025 adjusted EBITDA margin expansion of 400-500 bps

Result Drivers

ARGUS INTELLIGENCE - Launch of ARGUS Intelligence driving revenue and accelerating asset-based pricing adoption, per CEO Jim Hannon

RECURRING BOOKINGS - Significant growth in recurring new bookings for the second consecutive quarter

SHARE BUYBACK - Executed over C$100 mln in share buybacks, reflecting confidence in growth and profitability

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
C$131.50 mln
C$134.10 mln (4 Analysts)
Q2 Adjusted EBITDA
Beat
C$28.50 mln
C$22.10 mln (6 Analysts)
Q2 Adjusted EBITDA Margin
21.7%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the real estate services peer group is "buy."

Wall Street's median 12-month price target for Altus Group Ltd is C$60.00, about 4.6% above its August 6 closing price of C$57.24

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 29 three months ago

Press Release: ID:nGNXbkHWsJ

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)