Altus Group Ltd expected to post earnings of 26 cents a share - Earnings Preview

Altus

06/11/2024 05:10

* Altus Group Ltd  AIF.TO   is expected to show a fall in
quarterly revenue when it reports  results on November 7 for the
period ending September 30 2024
    * The Toronto Ontario-based  company is expected to report a
29.2% decrease in revenue to C$131.117 million from C$185.23
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data. (SAL represents Total Revenue)
    * ​LSEG's mean analyst estimate for Altus Group Ltd is for
earnings of 26 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Altus Group
Ltd
is 55.00​, above​ its last closing price of C$53.64. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.56        0.53       0.45      Missed  -14.7
 Jan. 1 2024   0.36        0.38       0.33      Missed  -13.7
 Dec. 31 2023  0.46        0.44       0.46      Beat    4.5​
 Sep. 30 2023  0.48        0.48       0.33      Missed  -31.4
 ​​Jun.        0.44        0.44       0.53      Beat    20.1
 30 2023                                                
 Mar. 31 2023  0.39        0.40       0.33      Missed  -16.6​
 Dec. 31 2022  0.50        0.50       0.44      Missed  -11.3
 Sep. 30 2022  0.45        0.44       0.42      Missed  -5.2
 This summary was machine generated November 6 at 05:10 GMT.  All
figures in Canadian 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)