Altus Group Ltd <AIF.TO>: Profits of 42  cents announced for third quarter

10 November 2022 10:49 p.m. ​All figures in Canadian dollars. The profits announced by Altus Group Ltd in the third quarter were lower than the Refinitiv mean estimate of profits. The company reported profits of 42 cents per share, 3 cents an identical amount to that earned in the same quarter last year.when the company reported EPS of 39 cents. Profits of 44 cents per share were anticipated by the seven analysts providing estimates for the quarter. Wall Street expected results to range from 26 cents to 53 cents per share, with a forecasted mean of 44 cents per share. The company reported revenue of C$2.63 million, which is lower than the estimated C$183.27 million. RECOMMENDATIONS * The consensus recommendation for the company is "Buy". * The average consensus recommendation for the real estate services peer group is also "Buy". FORECAST CHANGES * Five analysts are currently providing Refinitiv with estimates. * In the last week there have been no earnings estimate revisions by analysts covering the company. There was a gain of one new estimate. YEAR OVER YEAR * The company reported a fall in revenue to C$2.63 million from C$151.8 million in the same quarter last year.​ * Previous quarterly performance (using earnings preferred measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Jun. 30 2022 0.68​ 0.77 Beat Mar. 31 2022 0.27 0.27 Met Dec. 31 2021 0.35 0.42 Beat​ Sep. 30 2021 0.35 0.39 Beat This summary was machine generated from Refinitiv data November 10 at 10:49 p.m.