Alta Equipment Group Inc expected to post a loss of 24 cents a share - Earnings Preview

Reuters

2024-11-04

* Alta Equipment Group Inc is expected to show a rise in quarterly revenue when it reports results on November 6 (estimated) for the period ending September 30 2024

* The Livonia Michigan-based company is expected to report a 2.9% increase in revenue to $479.875 million from $466.2 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data.

* LSEG's mean analyst estimate for Alta Equipment Group Inc is for a loss of 24 cents per share.

* 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 mean earnings estimate of analysts was unchanged in the last three months.

* Wall Street's median 12-month price target for Alta Equipment Group Inc is $12.50, above its last closing price of $6.60.

Previous quarterly performance (using preferred earnings measure in US dollars).

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jun. 30 2024 -0.07 -0.07 -0.38 Missed -418.2

Mar. 31 2024 -0.21 -0.20 -0.38 Missed -93.2

Dec. 31 2023 -0.05 -0.08 Missed -52.4

Sep. 30 2023 0.05 0.05 0.20 Beat 300

Jan. 0.10 0.10 0.05 Missed -50

1 0001

Mar. 31 2023 -0.13 0.05 0.01 Missed 109.8

Jan. 1 0001 0.00 0.05 -0.05 Missed -206.7

Sep. 30 2022 0.10 0.11 0.14 Beat 24.4

This summary was machine generated November 4 at 15:39 GMT. 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)

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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)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alta Equipment Group Inc    expected to post a loss of 24 cents a share - Earnings Preview</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlta Equipment Group Inc    expected to post a loss of 24 cents a share - Earnings Preview\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2024-11-04 23:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html><body><p>* <a href=\"https://laohu8.com/S/ALTG\">Alta Equipment Group Inc</a>     is expected to show a rise in quarterly revenue when it reports  results on November 6 (estimated) for the period ending September 30 2024</p><p>   * The Livonia Michigan-based  company is expected to report a 2.9% increase in revenue to $479.875 million from $466.2 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data.</p><p>   * LSEG's mean analyst estimate for Alta Equipment Group Inc is for a loss of 24 cents per share. </p><p>   * 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.\"  </p><p>   * The mean earnings estimate of analysts was unchanged in the last three months. </p><p>   * Wall Street's median 12-month price target for Alta Equipment Group Inc is $12.50, above its last closing price of $6.60. </p><p>Previous quarterly performance (using preferred earnings measure in US dollars). </p><p>QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI</p><p>ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %</p><p>              E®                               MISSED  </p><p>Jun. 30 2024  -0.07       -0.07      -0.38     Missed  -418.2</p><p>Mar. 31 2024  -0.21       -0.20      -0.38     Missed  -93.2</p><p>Dec. 31 2023              -0.05      -0.08     Missed  -52.4</p><p>Sep. 30 2023  0.05        0.05       0.20      Beat    300</p><p>Jan.        0.10        0.10       0.05      Missed  -50</p><p>1 0001                                                 </p><p>Mar. 31 2023  -0.13       0.05       0.01      Missed  109.8</p><p>Jan. 1 0001   0.00        0.05       -0.05     Missed  -206.7</p><p>Sep. 30 2022  0.10        0.11       0.14      Beat    24.4</p><p>This summary was machine generated November 4 at 15:39 GMT.  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)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2480358054","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480358054","pubTimestamp":1730734760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"* Alta Equipment Group Inc     is expected to show a rise in quarterly revenue when it reports  results on November 6 (estimated) for the period ending September 30 2024   * The Livonia Michigan-based","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Alta Equipment Group Inc预计每股亏损24美分-收益预览","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALTG":1},"content_text":"* Alta Equipment Group Inc     is expected to show a rise in quarterly revenue when it reports  results on November 6 (estimated) for the period ending September 30 2024   * The Livonia Michigan-based  company is expected to report a 2.9% increase in revenue to $479.875 million from $466.2 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data.   * LSEG's mean analyst estimate for Alta Equipment Group Inc is for a loss of 24 cents per share.    * 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 mean earnings estimate of analysts was unchanged in the last three months.    * Wall Street's median 12-month price target for Alta Equipment Group Inc is $12.50, above its last closing price of $6.60. Previous quarterly performance (using preferred earnings measure in US dollars). QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRIENDING        ARTESTIMAT  ESTIMATE             MET,    SE %              E®                               MISSED  Jun. 30 2024  -0.07       -0.07      -0.38     Missed  -418.2Mar. 31 2024  -0.21       -0.20      -0.38     Missed  -93.2Dec. 31 2023              -0.05      -0.08     Missed  -52.4Sep. 30 2023  0.05        0.05       0.20      Beat    300Jan.        0.10        0.10       0.05      Missed  -501 0001                                                 Mar. 31 2023  -0.13       0.05       0.01      Missed  109.8Jan. 1 0001   0.00        0.05       -0.05     Missed  -206.7Sep. 30 2022  0.10        0.11       0.14      Beat    24.4This summary was machine generated November 4 at 15:39 GMT.  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)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"preview","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}