Altus Group Ltd reports results for the quarter ended June 30 - Earnings Summary

• Altus Group Ltd AIF reported quarterly adjusted earnings of 50 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 45 cents. The mean expectation of five analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 31 cents to 39 cents per share.

• Revenue fell 36.4% to C$131.45 million from a year ago; analysts expected C$134.11 million.

• Altus Group Ltd's reported EPS for the quarter was 22 cents​.

• The company reported quarterly net income of C$8.76 million.

• Altus Group Ltd shares had risen by 8.6% this quarter and gained 2.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the real estate services peer group is "buy."

• Wall Street's median 12-month price target for Altus Group Ltd is C$60.00, about 12.9% above its last closing price of C$52.25

This summary was machine generated from LSEG data August 8 at 04:14 a.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)