Alto Ingredients Q4 2023 Adj EPS $(0.18) Misses $(0.08) Estimate, Sales $273.625M Miss $292.762M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alto Ingredients (NASDAQ:ALTO) reported Q4 2023 adjusted EPS of $(0.18), missing the $(0.08) estimate, with sales of $273.625M also missing the $292.762M estimate. This represents a 16.69% decrease in sales compared to the same period last year.
March 11, 2024 | 8:19 pm
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Alto Ingredients reported a significant miss in both adjusted EPS and sales for Q4 2023, with a notable year-over-year decrease in sales.
Missing both EPS and sales estimates significantly, especially by 125% for EPS, indicates operational challenges and could lead to negative investor sentiment. The year-over-year decrease in sales further compounds concerns about the company's growth trajectory and operational efficiency, likely leading to a negative short-term impact on the stock price.
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IMPORTANCE 90
RELEVANCE 100