AlTi Global, Inc. (ALTI) Q1 Earnings and Revenues Miss Estimates
AlTi AlTi (US:ALTI) Zacks Investment Research·2024-05-10 14:25

分组1 - AlTi Global, Inc. reported quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.03 per share, and down from earnings of $0.03 per share a year ago, representing an earnings surprise of -66.67% [1] - The company posted revenues of $50.81 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 17.38%, and down from year-ago revenues of $58.05 million [1] - Over the last four quarters, AlTi Global has surpassed consensus EPS estimates only once and has missed revenue estimates on three occasions [1] 分组2 - AlTi Global's shares have declined approximately 46.1% since the beginning of the year, contrasting with the S&P 500's gain of 9.3% [2] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the coming quarter at breakeven on $55.6 million in revenues, and $0.30 on $246.8 million in revenues for the current fiscal year [4] - The Financial - Miscellaneous Services industry, to which AlTi Global belongs, is currently in the top 39% of Zacks industries, indicating a favorable industry outlook [5]