Altus Group Ltd reports results for the quarter ended March 31 - Earnings Summary

• Altus Group Ltd AIF.TO reported quarterly adjusted earnings of 19 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of six analysts for the quarter was for earnings of 19 cents per share. Wall Street expected results to range from 12 cents to 32 cents per share.

• Revenue fell 35.3% to C$129.17 million from a year ago; analysts expected C$128.43 million.

• Altus Group Ltd's reported EPS for the quarter was C$8.20​.

• The company reported quarterly net income of C$375.78 million.

• Altus Group Ltd shares had risen by 1.5% this quarter and lost 6.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 28.1% 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 "hold" and the breakdown of recommendations is 1 "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$60.00

This summary was machine generated from LSEG data May 9 at 03:11 a.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)