Analysts anticipate Alta Equipment Group to report an earnings per share (EPS) of $-0.22.
Alta Equipment Group bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Overview of Past Earnings
The company's EPS beat by $0.08 in the last quarter, leading to a 21.73% drop in the share price on the following day.
Here's a look at Alta Equipment Group's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
-0.07
-0.20
-0.05
0.05
EPS Actual
0.01
-0.22
0.03
0.36
Price Change %
-22.0%
-15.0%
5.0%
17.0%
Market Performance of Alta Equipment Group's Stock
Shares of Alta Equipment Group were trading at $7.91 as of November 08. Over the last 52-week period, shares are down 29.17%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
Analyst Opinions on Alta Equipment Group
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Alta Equipment Group.
With 1 analyst ratings, Alta Equipment Group has a consensus rating of Buy. The average one-year ...
