We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Stay Ahead of the Game With Alta Equipment (ALTG) Q3 Earnings: Wall Street's Insights on Key Metrics
Read MoreHide Full Article
Wall Street analysts forecast that Alta Equipment (ALTG - Free Report) will report quarterly loss of -$0.22 per share in its upcoming release, pointing to a year-over-year increase of 83.2%. It is anticipated that revenues will amount to $454.43 million, exhibiting an increase of 7.5% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some Alta Equipment metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus among analysts is that 'Revenues- New and used equipment sales' will reach $241.37 million. The estimate suggests a change of +14.3% year over year.
The consensus estimate for 'Revenues- Parts sales' stands at $22.70 million. The estimate suggests a change of -69.9% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Service revenues' of $76.63 million. The estimate indicates a year-over-year change of +15.4%.
According to the collective judgment of analysts, 'Revenues- Rental revenues' should come in at $67.82 million. The estimate suggests a change of +40.1% year over year.
Based on the collective assessment of analysts, 'Revenues- Rental equipment sales' should arrive at $47.59 million. The estimate suggests a change of +122.4% year over year.
Over the past month, shares of Alta Equipment have returned -8.5% versus the Zacks S&P 500 composite's -5.4% change. Currently, ALTG carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
Stay Ahead of the Game With Alta Equipment (ALTG) Q3 Earnings: Wall Street's Insights on Key Metrics
Wall Street analysts forecast that Alta Equipment (ALTG - Free Report) will report quarterly loss of -$0.22 per share in its upcoming release, pointing to a year-over-year increase of 83.2%. It is anticipated that revenues will amount to $454.43 million, exhibiting an increase of 7.5% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some Alta Equipment metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus among analysts is that 'Revenues- New and used equipment sales' will reach $241.37 million. The estimate suggests a change of +14.3% year over year.
The consensus estimate for 'Revenues- Parts sales' stands at $22.70 million. The estimate suggests a change of -69.9% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Service revenues' of $76.63 million. The estimate indicates a year-over-year change of +15.4%.
According to the collective judgment of analysts, 'Revenues- Rental revenues' should come in at $67.82 million. The estimate suggests a change of +40.1% year over year.
Based on the collective assessment of analysts, 'Revenues- Rental equipment sales' should arrive at $47.59 million. The estimate suggests a change of +122.4% year over year.
View all Key Company Metrics for Alta Equipment here>>>Over the past month, shares of Alta Equipment have returned -8.5% versus the Zacks S&P 500 composite's -5.4% change. Currently, ALTG carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .