Alta Equipment (ALTG) Moves 5.4% Higher: Will This Strength Last? [Yahoo! Finance]
Alta Equipment Group Inc. Class A (ALTG)
Company Research
Source: Yahoo! Finance
This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 0.4% gain over the past four weeks. Alta Equipment's rally is primarily driven by optimism over strong customer demand, a favorable pricing environment, an increase in new and used equipment sales and parts sales. Also, the acquisition of a distributor of market-leading construction and turf equipment, Burris, bodes well for the company. This company is expected to post quarterly loss of $0.14 per share in its upcoming report, which represents a year-over-year change of -1500%. Revenues are expected to be $439.24 million, up 4.4% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For Alta Equipment Group, the consensus E
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ALTG
News
- Alta Equipment Group Announces Date of First Quarter 2024 Financial Results Release, Conference Call and Webcast [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Announces Date of First Quarter 2024 Financial Results Release, Conference Call and Webcast [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Alta Equipment Group Announces Date of First Quarter 2024 Financial Results Release, Conference Call and WebcastGlobeNewswire
- Alta Equipment Group Inc. (NYSE:ALTG) Delivered A Weaker ROE Than Its Industry [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Announces Board Refreshment [Yahoo! Finance]Yahoo! Finance
ALTG
Earnings
- 3/14/24 - Beat
ALTG
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- ALTG's page on the SEC website