Alta Equipment Group Inc reports results for the quarter ended June 30 - Earnings Summary

• Alta Equipment Group Inc ALTG.N reported a quarterly adjusted loss of 34 cents​​ per share for the quarter ended June 30, higher 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 25 cents per share. Wall Street expected results to range from -34 cents to -15 cents per share.

• Revenue fell 1.4% to $481.20 million from a year ago; analysts expected $478.63 million.

• Alta Equipment Group Inc's reported EPS for the quarter was a loss of 21 cents​.

• The company reported a quarterly loss of $6.8 million.

• Alta Equipment Group Inc shares had risen by 16.1% this quarter and gained 12.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 13.6% 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 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Alta Equipment Group Inc is $8.00, about 10.4% above its last closing price of $7.17

This summary was machine generated from LSEG data August 8 at 03:48 a.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)