Altus Group Ltd reports results for the quarter ended in September - Earnings Summary

Published on November 10, 2022 05:48 PM EST

Altus Group Ltd reports results for the quarter ended in September - Earnings Summary — Image source: ©2022 Kalkine Media®

* Altus Group Ltd reported quarterly adjusted earnings of 42 cents per share for the quarter ended in September. The mean expectation of seven analysts for the quarter was for earnings of 44 cents per share. * Revenue fell 98.3% to C$2.63 million from a year ago; analysts expected C$183.27 million. * Altus Group Ltd's reported EPS for the quarter was 15 cents. * The mean earnings estimate of analysts had risen by about 3% in the last three months. * In the last 30 days one analyst negatively revised an earnings estimate * Altus Group Ltd shares had risen by 6.4% this quarter and lost 32.9% so far this year. * The company reported quarterly net income of C$6.83 million. * Wall Street's median 12-month price target for Altus Group Ltd is C$65.00 * The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." This summary was machine generated from Refinitiv data November 10 at 10:48 p.m. All figures in Canadian dollars unless otherwise stated. QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Sep. 30 2022 0.44 0.42 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

Reuters

Reuters -
92951 Posts
...

Disclaimer

The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.