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Stock impact report

Alta (ALTG) Q2 Earnings: What To Expect [Yahoo! Finance]

Richardson Electronics, Ltd. (RELL) 
US:NASDAQ Investor Relations: rell.com/investor-relations
Company Research Source: Yahoo! Finance
Alta beat analysts' revenue expectations by 5% last quarter, reporting revenues of $441.6 million, up 5% year on year. It was a mixed quarter for the company, with a miss of analysts' earnings estimates. Is Alta a buy or sell going into earnings? Read our full analysis here, it's free This quarter, analysts are expecting Alta's revenue to grow 7.9% year on year to $505.5 million, slowing from the 15.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.19 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Alta has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 5.9% on average. Looking at Alta's peers in the specialty equipment distributors segment, some have already reported their Q2 results, giving us a hint as Show less Read more
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