Alto Ingredients Third Quarter 2024 Earnings: Misses Expectations

Alto Ingredients (NASDAQ:ALTO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$251.8m (down 21% from 3Q 2023).
• Net loss: US$2.76m (loss narrowed by 28% from 3Q 2023).
• US$0.037 loss per share (improved from US$0.052 loss in 3Q 2023).

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

Alto Ingredients Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's shares are down 32% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Alto Ingredients that you should be aware of.

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