Alta Equipment Group Inc reports results for the quarter ended March 31 - Earnings Summary

• Alta Equipment Group Inc ALTG.N reported a quarterly adjusted loss of 65 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -38 cents. The mean expectation of five analysts for the quarter was for a loss of 62 cents per share. Wall Street expected results to range from -69 cents to -58 cents per share.

• Revenue fell 4.2% to $423.00 million from a year ago; analysts expected $436.14 million.

• Alta Equipment Group Inc's reported EPS for the quarter was a loss of 65 cents​.

• The company reported a quarterly loss of $21.7 million.

• Alta Equipment Group Inc shares had risen by 1.7% this quarter and lost 27.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 22.1% 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 "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is "hold."

• Wall Street's median 12-month price target for Alta Equipment Group Inc is $9.60

This summary was machine generated from LSEG data May 7 at 10:27 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)