Altus Group Ltd expected to post earnings of 44  cents a share - Earnings Preview

Altus

09/08/2023 24:50

* Altus Group Ltd  AIF.TO   is expected to show a fall in
quarterly revenue when it reports  results on August 10. 
    * The Toronto Ontario-based  company is expected to report 
a
6.2% decrease in revenue to C$193.542 million from C$206.41
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Altus Group Ltd is
for
earnings of 44 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"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 C$65​, above​ its last closing price of C$44.50. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.39        0.40       0.33      Missed  -16.6
 Dec. 31 2023  0.50        0.50       0.44      Missed  -11.3
 Sep. 30 2022  0.45        0.44       0.42      Missed  -5.2​
 Jun. 30 2022  0.74        0.68       0.77      Beat    13.2
 ​​Mar.        0.26        0.27       0.27      Met     -0.5
 31 2022                                                
 Dec. 31 2021  0.35        0.35       0.42      Beat    19.4​
 Sep. 30 2021  0.32        0.35       0.39      Beat    12.8
 Jun. 30 2021  0.66        0.69       0.75      Beat    9.1
 This summary was machine generated August 8 at 23:50 GMT.  All
figures in Canadian dollars  unless otherwise stated