Analysts Have Been Trimming Their Alta Equipment Group Inc. (NYSE:ALTG) Price Target After Its Latest Report [Yahoo! Finance]
Alta Equipment Group Inc. Class A (ALTG)
Company Research
Source: Yahoo! Finance
It was a pretty negative result overall, with revenues of US$449m missing analyst predictions by 6.5%. Worse, the business reported a statutory loss of US$0.86 per share, much larger than the analysts had forecast prior to the result. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year. See our latest analysis for Alta Equipment Group Following last week's earnings report, Alta Equipment Group's five analysts are forecasting 2025 revenues to be US$1.94b, approximately in line with the last 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 41% to US$1.01. Before this earnings announcement, the analysts had been modelling revenues of US$1.98b and losses of US$0.
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ALTG
News
- Alta Equipment Group Inc. (NYSE: ALTG) had its price target lowered by analysts at Raymond James from $10.00 to $9.00. They now have a "market perform" rating on the stock.MarketBeat
- Alta Equipment Group Inc. (NYSE: ALTG) was downgraded by analysts at Northland Capmk from a "strong-buy" rating to a "hold" rating.MarketBeat
- Alta Equipment Group Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Inc. (NYSE: ALTG) had its "market perform" rating re-affirmed by analysts at Northland Securities. They now have a $20.00 price target on the stock, down previously from $30.00.MarketBeat
- Alta Equipment Group Inc (ALTG) Q3 2024 Earnings Call Highlights: Strategic Deleveraging and ... [Yahoo! Finance]Yahoo! Finance
ALTG
Earnings
- 11/12/24 - Miss
ALTG
Sec Filings
- 11/13/24 - Form SC
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- ALTG's page on the SEC website