A Look at Altair Engineering's Upcoming Earnings Report

Altair Engineering (NASDAQ:ALTR) is preparing to release its quarterly earnings on Wednesday, 2024-10-30. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Altair Engineering to report an earnings per share (EPS) of $0.16.

Investors in Altair Engineering are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Performance in Previous Earnings

During the last quarter, the company reported an EPS beat by $0.01, leading to a 2.97% drop in the share price on the subsequent day.

Stock Performance

Shares of Altair Engineering were trading at $102.0 as of October 28. Over the last 52-week period, shares are up 25.1%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Observations about Altair Engineering

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Altair Engineering.

The consensus rating for Altair Engineering is Buy, based on 3 analyst ratings. With an average one-year price target of $87.0, there's a potential 14.71% downside.

Analyzing Analyst Ratings Among Peers

The analysis below examines the analyst ratings and average ...