Altus Group Ltd reports results for the quarter ended September 30 - Earnings Summary

Altus

08/11/2024 21:06

* Altus Group Ltd  AIF.TO  reported quarterly adjusted
earnings of
19 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 33 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 26 cents per share. Wall Street
expected results to range from 22 cents to 29 cents per share.
    * Revenue fell 30.7% to C$128.42 million from a year ago;
analysts
expected C$131.12 million. 
    * Altus Group Ltd's reported EPS for the quarter was 2
cents​.
    * The company reported quarterly net income of C$655
thousand.
    * Altus Group Ltd shares had fallen by 1.4% this quarter and
gained 28.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 32.5%
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 2 "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$56.50 
This summary was machine generated from LSEG data November 8 at
09:05 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
 Sep. 30 2024      0.26           0.19           Missed
 Jun. 30 2024      0.53           0.45           Missed
 Mar. 31 2024      0.38           0.33           Missed
 Dec. 31 2023      0.44           0.46           Beat