Alta Equipment Group Inc <ALTG.N> expected to post a loss of 29 cents a share - Earnings Preview
Alta Equipment Group Inc ALTG.N, ALTG.K is expected to show a fall in quarterly revenue when it reports results on March 5 for the period ending December 31 2024
The Livonia Michigan-based company is expected to report a 6.9% decrease in revenue to $485.486 million from $521.5 million a year ago, according to the mean estimate from 4 analysts, based on LSEG data.
LSEG's mean analyst estimate for Alta Equipment Group Inc is for a loss of 29 cents per share.
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "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 Alta Equipment Group Inc is $12.15, above its last closing price of $5.48.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | -0.25 | -0.24 | -0.86 | Missed | -262.1 |
Jun. 30 2024 | -0.07 | -0.07 | -0.38 | Missed | -418.2 |
Mar. 31 2024 | -0.21 | -0.20 | -0.38 | Missed | -93.2 |
Dec. 31 2023 | -0.05 | -0.08 | Missed | -52.4 | |
Sep. 30 2023 | 0.05 | 0.05 | 0.20 | Beat | 300 |
Jun. 30 2023 | 0.10 | 0.10 | 0.05 | Missed | -50 |
Mar. 31 2023 | -0.13 | -0.10 | 0.01 | Beat | 109.8 |
Dec. 31 2022 | 0.00 | 0.05 | -0.05 | Missed | -206.7 |
This summary was machine generated March 3 at 21:05 GMT. All figures in US 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)
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