APi Group Corp reports results for the quarter ended March 31 - Earnings Summary

• APi Group Corp APG.N reported quarterly adjusted earnings of 37 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 34 cents. The mean expectation of ten analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 34 cents to 38 cents per share.

• Revenue rose 7.4% to $1.72 billion from a year ago; analysts expected $1.65 billion.

• APi Group Corp's reported EPS for the quarter was 11 cents​.

• The company reported quarterly net income of $31 million.

• APi Group Corp shares had risen by 5.8% this quarter and gained 5.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction & engineering peer group is also "buy"

• Wall Street's median 12-month price target for APi Group Corp is $46.00

This summary was machine generated from LSEG data May 1 at 01:31 p.m. UTC. ​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)