Altus Group Ltd reports results for the quarter ended in December - Earnings Summary

Altus

23/02/2024 03:08

* Altus Group Ltd  AIF.TO  reported quarterly adjusted
earnings of
46 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 44 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 44 cents per share. Wall Street
expected results to range from 35 cents to 55 cents per share.
    * Revenue rose 4.3% to C$191.57 million from a year ago;
analysts
expected C$193.38 million. 
    * Altus Group Ltd's reported EPS for the quarter was a loss
of 1
cent​.
    * The company reported a quarterly loss of C$140 thousand.
    * Altus Group Ltd shares had risen by 9.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the real estate
services peer group is also "hold"

Wall Street's median 12-month price target for Altus Group Ltd
is C$51.50 
This summary was machine generated from LSEG data February 23 at
03:07 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.44           0.46           Beat
 Sep. 30 2023      0.48           0.33           Missed
 Jun. 30 2023      0.44           0.53           Beat
 Mar. 31 2023      0.40           0.33           Missed