Equipment distribution company Alta Equipment Group (NYSE: ALTG) will be announcing earnings results this Thursday afternoon. Here’s what to expect.
Alta beat analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $481.2 million, down 1.4% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.
Is Alta a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Alta’s revenue to grow 2.8% year on year to $461.6 million, a reversal from the 3.7% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.17 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Alta has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Alta’s peers in the specialty equipment distributors segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Richardson Electronics delivered year-on-year revenue growth of 1.6%, beating analysts’ expectations by 6%, and SiteOne reported revenues up 4.1%, in line with consensus estimates. Richardson Electronics traded up 11.4% following the results while SiteOne was also up 5.1%.
Read our full analysis of Richardson Electronics’s results here and SiteOne’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the specialty equipment distributors stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.5% on average over the last month. Alta is down 13% during the same time and is heading into earnings with an average analyst price target of $11.38 (compared to the current share price of $5.98).
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