A Preview Of Alta Equipment Group's Earnings
Portfolio Pulse from Benzinga Insights
Alta Equipment Group (NYSE:ALTG) is scheduled to release its quarterly earnings report on March 14, 2024, with analysts expecting an EPS of $-0.05. The company's past performance shows a mix of earnings beats and misses, with a notable 16.88% share price increase following last quarter's earnings beat. Shares are currently trading at $10.71, down 36.07% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
March 13, 2024 | 3:01 pm
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Alta Equipment Group is expected to report an EPS of $-0.05 for the upcoming earnings, with a history of mixed performance but a significant share price increase following the last earnings beat.
Given ALTG's mixed historical earnings performance and the recent bearish sentiment indicated by a 36.07% decline in share price over the last year, the short-term impact of the upcoming earnings report is uncertain. While a positive surprise could lead to a temporary uplift, the overall bearish trend may limit significant gains.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100