Alto Ingredients: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Alto Ingredients (NASDAQ:ALTO) reported Q4 earnings with an EPS of $-0.18, missing estimates by -125.0% and a revenue decrease of $54.81 million from the previous year. The company's share price dropped 61.0% the day after last quarter's earnings miss.
March 11, 2024 | 8:20 pm
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Alto Ingredients reported a significant miss in Q4 earnings with an EPS of -$0.18, far below the estimated -$0.08, and a notable decrease in revenue compared to last year.
The substantial miss in both earnings and revenue, combined with the historical context of a 61.0% drop in share price following last quarter's earnings miss, suggests a negative short-term impact on ALTO's stock price. The magnitude of the miss and the pattern of underperformance are critical factors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100