* Alta Equipment Group Inc reported a quarterly adjusted loss of 86 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 20 cents. The mean expectation of five analysts for the quarter was for a loss of 24 cents per share. Wall Street expected results to range from -29 cents to -17 cents per share.
* Revenue fell 3.7% to $448.80 million from a year ago; analysts expected $479.87 million.
* Alta Equipment Group Inc's reported EPS for the quarter was a loss of 86 cents.
* The company reported a quarterly loss of $28.4 million.
* Alta Equipment Group Inc shares had risen by 18.5% this quarter and lost 35.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 8% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
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 $12.50 This summary was machine generated from LSEG data November 13 at 02:26 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 -0.24 -0.86 Missed
Jun. 30 2024 -0.07 -0.38 Missed
Mar. 31 2024 -0.20 -0.38 Missed
Dec. 31 2023 -0.05 -0.08 Missed
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