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

Altus

04/05/2024 24:09

* Altus Group Ltd  AIF.TO  reported quarterly adjusted
earnings of
33 cents​​ per share for the quarter ended in March, identical
to the same quarter last year.  The mean expectation of
eight analysts for the quarter was for earnings of 38 cents per
share. Wall Street expected results to range from 25 cents to 43
cents per share.
    * Revenue rose 4.6% to C$199.54 million from a year ago;
analysts
expected $198.74 million. 
    * Altus Group Ltd's reported EPS for the quarter was
breakeven
results​.
    * The company reported a quarterly loss of C$153 thousand.
    * Altus Group Ltd shares had fallen by 2.1% this quarter and
gained 20.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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$52.00 
This summary was machine generated from LSEG data May 3 at 11:08
p.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
 Mar. 31 2024      0.38           0.33           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