Alto Ingredients Inc reports results for the quarter ended June 30 - Earnings Summary

• Alto Ingredients Inc ALTO.OQ reported a quarterly adjusted loss of 15 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of two analysts for the quarter was for a loss of 10 cents per share. Wall Street expected results to range from -18 cents to -3 cents per share.

• Revenue fell 7.6% to $218.44 million from a year ago; analysts expected $223.61 million.

• Alto Ingredients Inc's reported EPS for the quarter was a loss of 15 cents​.

• The company reported a quarterly loss of $11.31 million.

• Alto Ingredients Inc shares had fallen by 9.6% this quarter and lost 33.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 16.7% 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," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the renewable fuels peer group is also "buy"

• Wall Street's median 12-month price target for Alto Ingredients Inc is $4.00, about 74% above its last closing price of $1.04

This summary was machine generated from LSEG data August 6 at 10:41 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)