Alta Equipment (ALTG) Moves 15.8% Higher: Will This Strength Last?

Zacks11-07

Alta Equipment ALTG shares ended the last trading session 15.8% higher at $7.54. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This ...

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This ...</p>\n\n<a href=\"https://finance.yahoo.com/news/alta-equipment-altg-moves-15-133000091.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","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 (ALTG) Moves 15.8% Higher: Will This Strength Last?</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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 (ALTG) Moves 15.8% Higher: Will This Strength Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-07 21:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/alta-equipment-altg-moves-15-133000091.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alta Equipment ALTG shares ended the last trading session 15.8% higher at $7.54. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This ...</p>\n\n<a href=\"https://finance.yahoo.com/news/alta-equipment-altg-moves-15-133000091.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2125910179.SGD","symbol_name":"Natixis Thematics Water H-R/A SGD","start_time":0,"source_url":"https://finance.yahoo.com/news/alta-equipment-altg-moves-15-133000091.html","article_id":"2481182194","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/bDUKpoxCaDyrs8lohT9LRQ--~B/aD01NjU7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/6822789880e0e25f78e574ac57202d70"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481182194","pubTimestamp":1730986200,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Alta Equipment ALTG shares ended the last trading session 15.8% higher at $7.54. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 10% gain over the past four weeks.Alta Equipment’s rally is largely driven by optimism regarding rising customer demand, a favorable pricing environment, an increase in rental, new & used equipment and parts sales. Also, the acquisition of a distributor of market-leading construction and turf equipment, Burris, bodes well for the company.This company is expected to post quarterly loss of $0.22 per share in its upcoming report, which represents a year-over-year change of -210%. Revenues are expected to be $481.09 million, up 3.2% from the year-ago quarter.Alta Equipment is a member of the Zacks Manufacturing - General Industrial industry. One other stock in the same industry, Ferguson plc , finished the last trading session 4.4% higher at $210.92. FERG has returned 3.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2125910179.SGD":"Natixis Thematics Water H-R/A SGD","LU1721427968.SGD":"BNP PARIBAS AQUA \"CRH\" (SGDHDG) INC","LU1543694498.USD":"法巴水资源基金RH MD Dis","LU2125910336.SGD":"Natixis Thematics Water R/A SGD","ALTG":"Alta Equipment Group Inc","LU1923621640.USD":"Natixis Thematics Water R/A USD","BK4104":"贸易公司与经销商","FERG":"Ferguson Plc.","LU1165135440.EUR":"BNP Paribas Aqua Classic Cap EUR"},"translate_title":"Alta Equipment(ALTG)上涨15.8%：这种强势会持续吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALTG":1,"FERG":0.9},"content_text":"Alta Equipment ALTG shares ended the last trading session 15.8% higher at $7.54. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 10% gain over the past four weeks.\nAlta Equipment’s rally is largely driven by optimism regarding rising customer demand, a favorable pricing environment, an increase in rental, new & used equipment and parts sales. Also, the acquisition of a distributor of market-leading construction and turf equipment, Burris, bodes well for the company.\nThis company is expected to post quarterly loss of $0.22 per share in its upcoming report, which represents a year-over-year change of -210%. Revenues are expected to be $481.09 million, up 3.2% from the year-ago quarter.\nEarnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.\nFor Alta Equipment, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on ALTG going forward to see if this recent jump can turn into more strength down the road.\nThe stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>\nAlta Equipment is a member of the Zacks Manufacturing - General Industrial industry. One other stock in the same industry, Ferguson plc (FERG), finished the last trading session 4.4% higher at $210.92. FERG has returned 3.8% over the past month.\nFerguson plc's consensus EPS estimate for the upcoming report has changed -0.5% over the past month to $2.60. Compared to the company's year-ago EPS, this represents a change of -1.9%. Ferguson plc currently boasts a Zacks Rank of #5 (Strong Sell).\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAlta Equipment Group Inc. (ALTG) : Free Stock Analysis Report\nFerguson plc (FERG) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481182194"}