Alta Equipment Group Q2 Adj EPS $0.19 Beats $0.10 Estimate, Sales $468.40M Beat $461.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alta Equipment Group (NYSE:ALTG) reported Q2 adjusted earnings of $0.19 per share, beating the analyst consensus estimate of $0.10 by 90%. However, this is a 9.52% decrease from the same period last year. The company also reported quarterly sales of $468.40 million, beating the analyst consensus estimate of $461.81 million by 1.43%, and marking a 15.23% increase from the same period last year.
August 09, 2023 | 8:25 pm
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Alta Equipment Group's Q2 earnings and sales exceeded analyst estimates, but earnings decreased compared to the same period last year.
While Alta Equipment Group beat analyst estimates for Q2 earnings and sales, the decrease in earnings compared to the same period last year could potentially offset the positive impact of beating estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100