Alto Ingredients Q1 2024 GAAP EPS $(0.17) Misses $(0.14) Estimate, Sales $240.629M Beat $217.280M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alto Ingredients (NASDAQ:ALTO) reported Q1 2024 earnings with a GAAP EPS of $(0.17), missing the $(0.14) estimate by 21.43%, but sales of $240.629M exceeded the $217.280M estimate by 10.75%. Year-over-year, EPS improved by 5.56% from $(0.18), while sales decreased by 23.34% from $313.891M.
May 06, 2024 | 8:50 pm
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NEUTRAL IMPACT
Alto Ingredients reported a Q1 2024 GAAP EPS of $(0.17), missing estimates by 21.43%, but sales of $240.629M beat estimates by 10.75%. EPS improved YOY, but sales declined.
The mixed results with a miss on EPS but a beat on sales forecasts suggest a neutral short-term impact on ALTO's stock price. The improvement in EPS YOY could be seen positively, but the significant decrease in sales YOY might raise concerns among investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100