Alto Ingredients (ALTO) Reports Q3 Loss, Misses Revenue Estimates

Core Viewpoint - Alto Ingredients reported a quarterly loss of $0.04 per share, missing the Zacks Consensus Estimate of$ 0.02, and showing a year-over-year improvement from a loss of $0.05 per share [1][2] Financial Performance - The company posted revenues of$ 251.81 million for the quarter ended September 2024, which was 8.41% below the Zacks Consensus Estimate and down from $318.13 million in the same quarter last year [2] - Over the last four quarters, Alto Ingredients has surpassed consensus EPS estimates two times and topped consensus revenue estimates twice [2] Stock Performance - Alto Ingredients shares have declined approximately 27.4% since the beginning of the year, contrasting with the S&P 500's gain of 21.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.15 on revenues of $292.05 million, while for the current fiscal year, the estimate is -$ 0.04 on revenues of $1.04 billion [7] - The trend of estimate revisions for Alto Ingredients is mixed, which may change following the recent earnings report [6] Industry Context - Alto Ingredients operates within the Consumer Products - Discretionary industry, which is currently ranked in the bottom 29% of over 250 Zacks industries [8] - Research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8]