Alta Equipment Group Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St.11-14

Alta Equipment Group (NYSE:ALTG) Third Quarter 2024 Results Key Financial Results Revenue: US$448.8m (down 3.7% from 3Q 2023). Net loss: US$28.4m (down from US$6.70m profit in 3Q 2023). US$0.85 loss ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 6.5%. Earnings per share  also missed analyst estimates significantly.Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Trade Distributors industry in the US.The company's shares are up 5.7% from a week ago.You still need to take note of risks, for example - Alta Equipment Group has   3 warning signs   we think you should be aware of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ALTG":"Alta Equipment Group Inc"},"translate_title":"Alta Equipment Group 2024年第三季度收益：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALTG":0.9},"content_text":"Alta Equipment Group (NYSE:ALTG) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$448.8m (down 3.7% from 3Q 2023).\nNet loss: US$28.4m (down from US$6.70m profit in 3Q 2023).\nUS$0.85 loss per share (down from US$0.21 profit in 3Q 2023).\n\n\n\n\n  NYSE:ALTG Earnings and Revenue Growth November 14th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nAlta Equipment Group Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) also missed analyst estimates significantly. \n Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Trade Distributors industry in the US. \nPerformance of the American Trade Distributors industry.\n The company's shares are up 5.7% from a week ago. \nRisk Analysis\n You still need to take note of risks, for example - Alta Equipment Group has   3 warning signs   we think you should be aware of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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