- Altus Group reported a second-quarter revenue of C$131.5 million, which is a 36% decrease compared to the same period last year.
- The revenue fell short of analysts’ estimates, which was C$133.8 million.
- Adjusted EBITDA for the quarter was C$28.5 million, a 23% decline year-over-year. However, it exceeded the estimated C$22 million.
- Adjusted Earnings Per Share (EPS) rose to C$0.50 from C$0.45 in the previous year, beating the estimate of C$0.35.
- Management executed a share buyback exceeding $100 million in Q2, demonstrating confidence in the company’s growth and profit potential.
- Analyst ratings for the company include 2 buys, 6 holds, and no sells.
A look at Altus Group Ltd/Canada Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Altus Group Ltd/Canada is positioned for long-term growth with a balanced overall outlook based on Smartkarma Smart Scores. While the company’s value score is solid at 3, indicating a fair valuation, its dividend and growth scores are moderate at 2 each, suggesting potential room for improvement in these areas. However, Altus Group Ltd/Canada shows strength in resilience with a score of 3, indicating a stable and robust business model. Additionally, the company exhibits strong momentum with a score of 4, highlighting positive trends and investor confidence.
Altus Group Ltd, a real estate consulting and advisory services company, offers a range of services including cost consulting & project management, property tax consulting, research and valuation, geomatics, and software solutions. With its diverse service offerings and solid Smartkarma Smart Scores, Altus Group Ltd/Canada appears to be well-positioned to navigate market challenges and capitalize on growth opportunities over the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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