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

Altus

09/08/2024 10:02

* Altus Group Ltd  AIF.TO  reported quarterly adjusted
earnings of
45 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 53
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 57 cents per share. Wall Street expected
results to range from 35 cents to 72 cents per share.
    * Revenue rose 0.7% to C$206.71 million from a year ago;
analysts
expected C$210.67 million. 
    * Altus Group Ltd's reported EPS for the quarter was 5
cents​.
    * The company reported quarterly net income of $2.28
million.
    * Altus Group Ltd shares had risen by 8.7% this quarter and
gained 30.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"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$59.00 
This summary was machine generated from LSEG data August 9 at
09:01 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
 Jun. 30 2024      0.57           0.45           Missed
 Mar. 31 2024      0.38           0.33           Missed
 Dec. 31 2023      0.44           0.46           Beat
 Sep. 30 2023      0.48           0.33           Missed