A Look at Altair Engineering's Upcoming Earnings Report
Portfolio Pulse from Benzinga Insights
Altair Engineering (NASDAQ:ALTR) is set to release its quarterly earnings on October 30, 2024. Analysts expect an EPS of $0.16. The company's stock has risen 25.1% over the past year, but analysts have a 'Buy' rating with a price target suggesting a potential downside. Previous earnings saw a slight EPS beat but resulted in a share price drop. Altair's revenue growth is positive but below industry peers, and its profitability metrics are below average.
October 29, 2024 | 2:02 pm
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Altair Engineering is expected to report an EPS of $0.16. Despite a positive stock performance over the past year, analysts have a 'Buy' rating with a price target indicating a potential downside. Previous earnings saw a share price drop despite an EPS beat.
The upcoming earnings report is crucial for Altair Engineering as it could influence short-term stock price movements. Analysts expect an EPS of $0.16, and the stock has performed well over the past year. However, the average price target suggests a potential downside, which could impact investor sentiment. Previous earnings resulted in a share price drop despite an EPS beat, indicating that future guidance and market expectations are critical.
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