Alto Ingredients Second Quarter 2024 Earnings: Beats Expectations

Alto Ingredients (NASDAQ:ALTO) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$236.5m (down 26% from 2Q 2023).
• Net loss: US$3.42m (down by 148% from US$7.18m profit in 2Q 2023).
• US$0.047 loss per share (down from US$0.098 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alto Ingredients Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 50%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's shares are down 8.2% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Alto Ingredients that you should be aware of before investing here.

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